LendingClub's soars toward biggest-ever gain to snap 6-day losing streak [MarketWatch]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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Source: MarketWatch
LendingClub's soars toward biggest-ever gain to snap 6-day losing streak Shares of LendingClub Corp. LC, +17.62% shot up 18.3% in active afternoon trade, putting them on track for their biggest-ever one-day gain, to emphatically snap a six-session losing streak. Volume ballooned to 19.7 million shares, compared with the full-day average of about 8.0 million shares, according the FactSet. The company has not released any news and did file anything with the SEC. The company did not immediately respond to a request for comment. The stock had plummeted 24% in the past six sessions, to close at a record low on Wednesday, since the lender reported fourth-quarter adjusted profit and sales that missed expectations. The percentage rally is currently just above the previous record 18.1% on Aug. 8, 2017. The stock went public in December 2014. Despite Thursday's gain, the stock was still down 9.1% over the past three months, while the S&P 500 SPX, -1.41% has advanced 1.7%.
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News
- Peer-to-Peer Lending Market Surges to US$ 1709.6 Billion by 2034, Driven by Growing Demand and Reduced Operating Costs | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
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- This couple makes $139K/year yet they're drowning in debt and can barely make ends meet. Ramit Sethi weighs in [Yahoo! Finance]Yahoo! Finance
- LendingClub Schedules First Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- LendingClub Schedules First Quarter 2024 Earnings Release and Conference CallPR Newswire
LC
Earnings
- 1/30/24 - Beat
LC
Sec Filings
- 4/11/24 - Form PRE
- 3/25/24 - Form 4
- 3/25/24 - Form 4
- LC's page on the SEC website