In a filing, LendingClub Corp revealed its CEO Sanborn Scott unloaded Company’s shares for reported $54285.0 on Apr 23 ’25. In the deal valued at $10.34 per share,5,250 shares were sold. As a result of this transaction, Sanborn Scott now holds 1,297,782 shares worth roughly $14.25 million.
Then, SCOTT SANBORN bought 5,250 shares, generating $51,818 in total proceeds.
Before that, Sanborn Scott sold 5,250 shares. LendingClub Corp shares valued at $52,500 were divested by the CEO at a price of $10.00 per share. As a result of the transaction, Sanborn Scott now holds 1,303,032 shares, worth roughly $14.31 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 jump 0.18% to $10.98. Over the last five days, the stock has gained 18.70%. LendingClub Corp shares have fallen nearly -32.18% since the year began. Nevertheless, the stocks have risen 34.07% 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 04/07/25. SMA at 50 days reached $10.97, while 200 days put it at $12.78.
Levels Of Support And Resistance For LC Stock
The 24-hour chart illustrates a support level at 10.72, which if violated will result in even more drops to 10.46. On the upside, there is a resistance level at 11.15. A further resistance level may holdings at 11.32. The Relative Strength Index (RSI) on the 14-day chart is 57.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.65%. Stochastics %K at 97.08% indicates the stock is a selling.
How much short interest is there in LendingClub Corp?
A steep rise in short interest was recorded in LendingClub Corp stocks on 2025-04-15, growing by 96245.0 shares to a total of 3.89 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 3.79 million shares. There was a rise of 2.48%, 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.
