Shares of LendingClub Corporation (LC) Sees Large Inflow of Net Money Flow

LendingClub Corporation (LC) : The money flow analysis of LendingClub Corporation (LC) indicates a $2.09 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $2.89 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.38 and so was the total money flow at $0.8 million. A solid up-down ratio of 2.32 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $1.07 million worth of block trades on upticks. Only $0.46 million worth of the stock exchanged hands on downticks. The money flow was $0.61 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of LendingClub Corporation (LC), pushing it down by -1.83% for the day. The stock slid $0.08 and traded at $4.29 during the day. Nonetheless, the stock is -0.69% over the previous weeks close.


The company Insiders own 11.4% of LendingClub Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.82% . Institutional Investors own 93.66% of LendingClub Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 0.19%. In an insider trading activity,The Officer (Chief Operations Officer) of LendingClub Corp, Gulati Sameer sold 8,072 shares at $4.29 on June 27, 2016. The Insider selling transaction had a total value worth of $34,629. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

LendingClub Corporation has lost 1.68% in the last five trading days and dropped 3.76% in the last 4 weeks. LendingClub Corporation has dropped 46.12% during the last 3-month period . Year-to-Date the stock performance stands at -62.9%.

LendingClub Corporation (NYSE:LC): On Tuesdays trading session , Opening price of the stock was $4.38 with an intraday high of $4.4101. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $4.09. However, the stock managed to close at $4.1, a loss of 6.18% for the day. On the previous day, the stock had closed at $4.37. The total traded volume of the day was 15,701,577 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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