In a filing, LendingClub Corp revealed its Director Selleck Erin unloaded Company’s shares for reported $32209.0 on Mar 13 ’25. In the deal valued at $10.53 per share,3,060 shares were sold. As a result of this transaction, Selleck Erin now holds 68,537 shares worth roughly $0.74 million.
Then, Selleck Erin bought 3,060 shares, generating $32,209 in total proceeds.
Before that, Cheng Jordan sold 7,000 shares. LendingClub Corp shares valued at $98,685 were divested by the General Counsel & Secretary at a price of $14.10 per share. As a result of the transaction, Cheng Jordan now holds 88,263 shares, worth roughly $0.96 million.
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 Monday, LendingClub Corp [NYSE:LC] saw its stock fall -0.46% to $10.82. Over the last five days, the stock has gained 5.56%. LendingClub Corp shares have fallen nearly -33.17% since the year began. Nevertheless, the stocks have risen 35.42% 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 03/10/25. SMA at 50 days reached $13.89, while 200 days put it at $12.53.
Levels Of Support And Resistance For LC Stock
The 24-hour chart illustrates a support level at 10.67, which if violated will result in even more drops to 10.51. On the upside, there is a resistance level at 10.99. A further resistance level may holdings at 11.15. The Relative Strength Index (RSI) on the 14-day chart is 35.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.45%. Stochastics %K at 22.11% 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 2025-02-28, dropping by -0.8 million shares to a total of 4.25 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 5.05 million shares. There was a decline of -18.93%, which implies that there is a negative 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.
