Why LendingClub Corporation Stock Jumped on Tuesday
Shares of LendingClub Corporation (NYSE: LC) are on the move, rising about 10% as of 3:30 p.m. EST after a major shareholder filed a revised 13D filing showing an increased stake in the company. Shanda Media Limited, led by Chinese billionaire Chen Tianqiao, recently added to its position in LendingClub stock, purchasing 4 million shares on Dec. 7.
Tianqiao burst onto the LendingClub scene in 2016, when Shanda Media Limited filed its first 13D filing, showing that it owned nearly 12% of the online consumer lender. The shares were purchased as LendingClub's stock cratered because of the abrupt resignation of its CEO, Renaud Laplanche.
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Source: Fool.com
LendingClub Corp. Stock
€10.01
2.240%
With 11 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 11 € shows a slightly positive potential of 9.89% compared to the current price of 10.01 € for LendingClub Corp..
