The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. LendingClub Corp shares valued at $44,940 were purchased by SCOTT SANBORN on Apr 09 ’25. At $8.56 per share, SCOTT SANBORN acquired 5,250 shares.
Also, Selleck Erin sold 3,060 shares, netting a total of over 32,209 in proceeds. Following the sale of shares at $10.53 each, the insider now holds 68,537 shares.
Before that, Selleck Erin had added 3,060 shares to its account. In a trade valued at $32,209, the Director bought LendingClub Corp shares for $10.53 each.
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 -2.23%. Over the course of the year, LendingClub Corp shares have dropped approximately -43.05%. Shares of the company reached a 52-week high of $17.86 on 01/06/25 and a 52-week low of $7.90 on 04/07/25. A 50-day SMA is recorded $11.74, while a 200-day SMA reached $12.70.
Support And Resistance Levels for LendingClub Corp (LC)
According to the 24-hour chart, there is a support level at 8.81, which, if violated, would cause prices to drop to 8.40. In the upper region, resistance lies at 9.61. The next price resistance is at 9.99. RSI (Relative Strength Index) is 38.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.89, which suggests the price will decrease in the coming days. Percent R is at 65.26%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
