Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. LendingClub Corp shares valued at $257,600 were purchased by ZEISSER MICHAEL P on Feb 03 ’25. At $12.88 per share, ZEISSER MICHAEL P acquired 20,000 shares. The insider’s holdings grew to 148,018 shares worth approximately $1.97 million following the completion of this transaction.
Also, Selleck Erin purchased 703 shares, netting a total of over 9,287 in proceeds.
Before that, Sanborn Scott had sold 17,000 shares from its account. In a trade valued at $274,032, the CEO traded LendingClub Corp shares for $16.12 each. Upon closing the transaction, the insider’s holdings decreased to 17,000 shares, worth approximately $17.45 million.
As published in a research note from JP Morgan on December 02, 2024, LendingClub Corp [LC] has been rated down from an Overweight to a Neutral and the price target has been revised to $17. Analysts at Maxim Group resumed the stock at ‘”a Buy”‘ outlook in a report released in late October. As of October 10, 2024, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for LC. Earlier on June 07, 2024, BTIG Research initiated its rating. Their recommendation was “a Buy” for LC stock.
Analyzing LC Stock Performance
During the last five days, there has been a drop of approximately -7.77%. Over the course of the year, LendingClub Corp shares have dropped approximately -17.85%. Shares of the company reached a 52-week high of $17.86 on 01/06/25 and a 52-week low of $12.69 on 02/03/25. A 50-day SMA is recorded $16.07, while a 200-day SMA reached $12.05. Nevertheless, trading volume fell to 1.54 million shares from 2.11 million shares the previous day.
Support And Resistance Levels for LendingClub Corp (LC)
According to the 24-hour chart, there is a support level at 13.14, which, if violated, would cause prices to drop to 12.97. In the upper region, resistance lies at 13.51. The next price resistance is at 13.71. RSI (Relative Strength Index) is 32.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.30, which suggests the price will decrease in the coming days. Percent R is at 86.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
