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LendingClub (LC) Surges: Stock Moves 15.9% Higher
LendingClub Corporation (LC - Free Report) 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
A better-ranked stock in the Financial - Miscellaneous Services industry is Virtu Financial, Inc. (VIRT - Free Report) , 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
Don’t Even Think About Buying Bitcoin Until You Read This
The most popular cryptocurrency skyrocketed last year, giving some investors the chance to bank 20X returns or even more. Those gains, however, came with serious volatility and risk. Bitcoin sank 25% or more 3 times in 2017.
Zacks’ has just released a new Special Report to help readers capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 4 crypto-related stocks now >>