LendingClub Corporation (LC) Soars 5.87% on September 19

Equities Staff  |

LendingClub Corporation (LC) had a good day on the market for Wednesday September 19 as shares jumped 5.87% to close at $3.61. About 2.84 million shares traded hands on 10,971 trades for the day, compared with an average daily volume of 3.62 million shares out of a total float of 423.24 million. After opening the trading day at $3.43, shares of LendingClub Corporation stayed within a range of $3.62 to $3.43.

With today's gains, LendingClub Corporation now has a market cap of $1.53 billion. Shares of LendingClub Corporation have been trading within a range of $6.56 and $2.57 over the last year, and it had a 50-day SMA of $3.91 and a 200-day SMA of $3.75.

LendingClub Corp is an online marketplace connecting borrowers and investors to engage in transactions relating to standard or custom program loans.

LendingClub Corporation is based out of San Francisco, CA and has some 1,837 employees. Its CEO is Scott C. Sanborn.

For a complete fundamental analysis of LendingClub Corporation, check out Equities.com’s Stock Valuation Analysis report for LC.

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LendingClub Corporation is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on LendingClub Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: LC’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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