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MARKETS LIVE BLOG:

S&P 500 SLIPS BELOW 5,000; NASDAQ SINKS ON NETFLIX DRAG

Fed's Goolsbee says 'It makes sense to wait' before cutting rates

LendingClub (LC) in Focus: Stock Moves 7.8% Higher

Zacks Equity Research
Updated

LendingClub Corporation LC was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $3.74 to $4.00 in the past one-month time frame.

The company has seen a flat track record when it comes to estimate revisions over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

LendingClub currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

LendingClub Corporation Price

LendingClub Corporation Price | LendingClub Corporation Quote

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A better-ranked stock in the Finance sector is Safety, Income & Growth Inc. SAFE, 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

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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LendingClub Corporation (LC) : Free Stock Analysis Report
 
Safety, Income and Growth, Inc. (SAFE) : Free Stock Analysis Report
 
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