In a filing, LendingClub Corp revealed its CEO Sanborn Scott unloaded Company’s shares for reported $0.27 million on Jan 02 ’25. In the deal valued at $16.12 per share,17,000 shares were sold. As a result of this transaction, Sanborn Scott now holds 1,312,184 shares worth roughly $22.36 million.
Then, Sanborn Scott sold 17,000 shares, generating $269,217 in total proceeds. Upon selling the shares at $15.84, the CEO now owns 1,329,184 shares.
Before that, SCOTT SANBORN bought 51,000 shares. LendingClub Corp shares valued at $809,880 were divested by the Director at a price of $15.88 per share.
JP Morgan downgraded its LendingClub Corp [LC] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Maxim Group’s analysts, who remained covering the stock and in late October has reiterated a ‘”a Buy”‘ rating for it. Keefe Bruyette also remained covering LC and has increased its forecast on October 10, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. BTIG Research started covering the stock on June 07, 2024. It rated LC as “a Buy”.
Price Performance Review of LC
On Friday, LendingClub Corp [NYSE:LC] saw its stock jump 0.59% to $17.04. Over the last five days, the stock has gained 4.35%. LendingClub Corp shares have risen nearly 5.25% since the year began. Nevertheless, the stocks have risen 98.14% over the past one year. While a 52-week high of $18.75 was reached on 01/06/25, a 52-week low of $7.48 was recorded on 01/10/25. SMA at 50 days reached $16.21, while 200 days put it at $11.80.
Levels Of Support And Resistance For LC Stock
The 24-hour chart illustrates a support level at 16.84, which if violated will result in even more drops to 16.63. On the upside, there is a resistance level at 17.20. A further resistance level may holdings at 17.35. The Relative Strength Index (RSI) on the 14-day chart is 56.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.08%. Stochastics %K at 75.43% indicates the stock is a holding.
How much short interest is there in LendingClub Corp?
A steep rise in short interest was recorded in LendingClub Corp stocks on 2024-12-31, growing by 0.63 million shares to a total of 4.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.06 million shares. There was a rise of 13.5%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 28, 2023 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $8 price target.
