Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. LendingClub Corp shares valued at $32,209 were purchased by Selleck Erin on Mar 13 ’25. At $10.53 per share, Selleck Erin acquired 3,060 shares.
Also, Cheng Jordan sold 7,000 shares, netting a total of over 98,685 in proceeds. Following the sale of shares at $14.10 each, the insider now holds 88,263 shares.
Before that, Cheng Jordan had sold 7,000 shares from its account. In a trade valued at $97,182, the General Counsel & Secretary traded LendingClub Corp shares for $13.88 each. Upon closing the transaction, the insider’s holdings decreased to 7,000 shares, worth approximately $0.85 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 -8.68%. Over the course of the year, LendingClub Corp shares have dropped approximately -35.70%. Shares of the company reached a 52-week high of $17.86 on 01/06/25 and a 52-week low of $10.05 on 03/10/25. A 50-day SMA is recorded $14.11, while a 200-day SMA reached $12.51.
Support And Resistance Levels for LendingClub Corp (LC)
According to the 24-hour chart, there is a support level at 10.24, which, if violated, would cause prices to drop to 10.07. In the upper region, resistance lies at 10.62. The next price resistance is at 10.84. RSI (Relative Strength Index) is 29.42 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.12, which suggests the price will decrease in the coming days. Percent R is at 88.50%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
