On 12/14/23, LendingClub Corp (NYSE: LC) stock enjoyed a major increase of 13.0%, closing at $8.34. Moreover, trading volume in this advance was exceptionally high at 332% of normal. The stock has risen 24.5% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
LC is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
LendingClub has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. LendingClub has a slightly positive Appreciation Score of 64 but a poor Power Rating of 22, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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