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LendingClub (LC) Surges: Stock Moves 15.9% Higher

Zacks Equity Research
Updated

LendingClub Corporation LC was a big mover last session, as the company saw its shares rise more than 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $3.15–$4.13 in the past one-month time frame, showed a sharp increase yesterday.

The company has seen five negative estimate revisions in the past one month, while its Zacks Consensus Estimate has also moved lower over the said time frame, 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 #4 (Sell), while its Earnings ESP is 0.00%.

LendingClub Corporation Price and Consensus

LendingClub Corporation Price and Consensus | LendingClub Corporation Quote

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A better-ranked stock in the Financial - Miscellaneous Services industry is Virtu Financial, Inc. VIRT, 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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LendingClub Corporation (LC) : Free Stock Analysis Report
 
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Zacks Investment Research