Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. LendingClub Corp shares valued at $55,934 were sold by Sanborn Scott on May 15 ’25. At $10.65 per share, Sanborn Scott sold 5,250 shares. The insider’s holdings dropped to 1,287,282 shares worth approximately $12.89 million following the completion of this transaction.
Also, SCOTT SANBORN purchased 15,750 shares, netting a total of over 174,825 in proceeds.
Before that, Sanborn Scott had sold 5,250 shares from its account. In a trade valued at $52,500, the CEO traded LendingClub Corp shares for $10.00 each. Upon closing the transaction, the insider’s holdings decreased to 5,250 shares, worth approximately $12.94 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 -5.48%. Over the course of the year, LendingClub Corp shares have dropped approximately -38.17%. 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.
Support And Resistance Levels for LendingClub Corp (LC)
According to the 24-hour chart, there is a support level at 9.86, which, if violated, would cause prices to drop to 9.71. In the upper region, resistance lies at 10.12. The next price resistance is at 10.24. RSI (Relative Strength Index) is 44.57 on the 14-day chart, showing neutral technical sentiment.
