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LendingClub (LC) in Focus: Stock Moves 10.8% Higher

Zacks Equity Research
Updated

LendingClub Corporation LC was a big mover last session, as the company saw its shares rise nearly 11%on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $3.51 –$4.51 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen four negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

LendingClub currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

LendingClub Corporation Price

LendingClub Corporation Price | LendingClub Corporation Quote

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A better-ranked stock in the Finance sector is Moody's Corporation MCO, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is LC going up? Or down? Predict to see what others think: Up or Down

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Moody's Corporation (MCO) : Free Stock Analysis Report
 
LendingClub Corporation (LC) : Free Stock Analysis Report
 
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Zacks Investment Research