Lendingclub Corp (LC) Files Form 4 Insider Selling : Sameer Gulati Sells 6,105 Shares

Lendingclub Corp (LC): Sameer Gulati , Chief Operations Officer of Lendingclub Corp sold 6,105 shares on Sep 26, 2016. The Insider selling transaction was reported by the company on Sep 28, 2016 to the Securities and Exchange Commission. The shares were sold at $6.08 per share for a total value of $37,139.16 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 30, 2016, Sandeep Bhandari (Chief Credit Officer) sold 9,771 shares at $5.55 per share price.On Aug 30, 2016, Sameer Gulati (Chief Operations Officer) sold 5,826 shares at $5.60 per share price.Also, On Aug 29, 2016, Bradley Coleman (Principle Accounting Officer) sold 1,943 shares at $5.60 per share price.On Aug 17, 2016, Scott Sanborn (CEO) sold 38,381 shares at $5.61 per share price.

LendingClub Corp: On Tuesday, Sep 27, 2016 heightened volatility was witnessed in LendingClub Corp which led to swings in the share price. The shares opened for trading at $6.15 and hit $6.27 on the upside , eventually ending the session at $6.23, with a gain of 1.96% or 0.12 points. The heightened volatility saw the trading volume jump to 41,26,475 shares. The 52-week high of the share price is $15 and the company has a market cap of $2,437 M . The 52-week low of the share price is at $3.44.

LendingClub Corp Money Flow Index Chart

LendingClub Corporation (Lending Club) is engaged in providing online marketplace for connecting borrowers and investors. The Company’s online marketplace connects borrowers. Lending Club’s marketplace allows borrowers and investors to engage in transactions relating to standard or custom program loans. The Company’s standard program loans are a part of the standard loan program. The standard program loans are three- or five-year unsecured personal loans which are offered to borrowers. These loans can be invested in through the purchase of notes issued pursuant to a Note Registration Statement and are available through the Company’s Website. The custom program loans include small business loans super prime consumer loans education and patient finance loans and personal loans. The Company’s technology platform supports its marketplace and makes available loan products to investor channels.

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