LendingClub Corp (NYSE: LC) stock enjoyed a major increase of 19.7% on 5/1/24. The shares closed at $9.00. Moreover, this advance was accompanied by exceptionally high trading volume at 376% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 9.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, LC is expected to continue to be a modest Value Builder.
LendingClub has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. LendingClub has a slightly positive Appreciation Score of 70 and a good Power Rating of 83, producing the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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