LendingClub Corp (NYSE: LC) stock closed at $12.51 on 7/31/24 after a major increase of 11.8%. Moreover, exceptionally high trading volume at 461% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 15.9% during the last week.
Current PriceTarget Research Rating
LC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
LendingClub has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. LendingClub has a neutral Appreciation Score of 53 but a good Power Rating of 80, producing the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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