Large Inflow of Money Witnessed in LendingClub Corporation

LendingClub Corporation (NYSE:LC) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $9.15 million worth of transactions were on upticks, whereas, the downticks accounted for $8.36 million worth of transactions. The net money flow was a positive $0.8 million and the uptick to downtick ratio was 1.1. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 1.13 in their favor. The net money flow into the stock was $0.28 million. The value of block trades done on downticks was only $2.08 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $2.36 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. LendingClub Corporation (NYSE:LC) was trading at $4.54, down $0.07 during day. The stock slid -1.52% over the previous days close. For the week, the stock recorded -3.2% over the previous weeks close.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Lendingclub Corp, Williams Simon, had purchased 64,000 shares in a transaction dated on February 17, 2016. The transaction was executed at $8.28 per share with total amount equaling $529,920. Currently the company Insiders own 11.4% of LendingClub Corporation shares according to the proxy statements. Institutional Investors own 93.63% of LendingClub Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 41.29%.

The company shares have dropped -68.36% from its 1 Year high price. On Jul 24, 2015, the shares registered one year high at $15.14 and the one year low was seen on May 17, 2016. The 50-Day Moving Average price is $4.44 and the 200 Day Moving Average price is recorded at $7.52. LendingClub Corporation (NYSE:LC): The stock opened at $4.71 on Wednesday but the bulls could not build on the opening and the stock topped out at $4.71 for the day. The stock traded down to $4.50 during the day, due to lack of any buying support eventually closed down at $4.54 with a loss of -1.52% for the day. The stock had closed at $4.61 on the previous day. The total traded volume was 12,768,869 shares.

LendingClub Corporation (Lending Club) is engaged in providing online marketplace for connecting borrowers and investors. The Companys online marketplace connects borrowers. Lending Clubs marketplace allows borrowers and investors to engage in transactions relating to standard or custom program loans. The Companys 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 Companys Website. The custom program loans include small business loans, super prime consumer loans, education and patient finance loans and personal loans. The Companys technology platform supports its marketplace and makes available loan products to investor channels.

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