Large Outflow of Money Witnessed in LendingClub Corporation

LendingClub Corporation (NYSE:LC) During the most recent session, the shares traded at 0.18 points or 4.23% higher at $4.44. The money flow data is unimpressive with the net money flow value of $(-1.38) million. As per the intraday data, the upticks measured $7.71 million and the downticks measured $9.08 million. As a result, the up/down ratio registered a value of 0.85. The shares have seen -3.9% price change for the week.A block trade also made an entry with $0.82 million flowing in through upticks while $1.13 million flew out through downticks. The block tradeoff had the up/down ratio of 0.73. The net money flow for this big transaction was $(-0.31) million.


Currently the company Insiders own 11.4% of LendingClub Corporation shares according to the proxy statements. Institutional Investors own 93.62% of LendingClub Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 41.29%. On the companys insider trading activities, Williams Simon, director of Lendingclub Corp, executed a transaction worth $529,920 on February 17, 2016. A total of 64,000 shares were purchased at an average price of $8.28. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

LendingClub Corporation (NYSE:LC) : On Monday heightened volatility was witnessed in LendingClub Corporation (NYSE:LC) which led to swings in the share price. The stock opened for trading at $4.26 and hit $4.48 on the upside , eventually ending the session at $4.44, with a gain of 4.23% or 0.18 points. The heightened volatility saw the trading volume jump to 11,856,652 shares. The 52-week high of the share price is $17.51 and the company has a market cap of $1,694 million. The 52-week low of the share price is at $3.44 .

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Keefe Bruyette & Woods upgrades its rating on LendingClub Corporation (NYSE:LC). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The Analysts at Keefe Bruyette & Woods raises the price target from $2 per share to $5 per share. The rating by the firm was issued on June 8, 2016.

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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