Lend Academy Network Forum

Lending Club Discussion => General Lending Club Discussion => Topic started by: Rob L on January 31, 2018, 05:00:41 PM

Title: LC Stock Down to $3.66 per Share
Post by: Rob L on January 31, 2018, 05:00:41 PM
Over the past four trading days LC's stock has traded down from $4.11 to $3.66 per share.
I have no idea why, but it is what it is. Today was the worst; down another -4.7%.
As a reminder, the all time low was $3.44 in May of 2016 just after the scandal and management shake up.
I wonder if Mr. Chen will step in again as a buyer at these prices?
Title: Re: LC Stock Down to $3.66 per Share
Post by: storm on January 31, 2018, 05:28:10 PM
Maybe because us platform investors are taking a good look at our 1099s and shaking our heads at the ever increasing charge-offs and diminishing returns.
Title: Re: LC Stock Down to $3.66 per Share
Post by: dr.everett on January 31, 2018, 08:33:30 PM
What bothers me is no news as to why.
Title: Re: LC Stock Down to $3.66 per Share
Post by: annagreenang on July 10, 2018, 07:15:59 AM
Maybe because us platform investors are taking a good look at our 1099s and shaking our heads at the ever increasing charge-offs and diminishing returns.

I believe so too
Title: Re: LC Stock Down to $3.66 per Share
Post by: dr.everett on August 08, 2018, 09:26:12 PM
So earnings just happened and we're back to 3.68 a share. Hope everyone who had money in LC stock sold before the drop and are ready to buy back in again once the bottom is set.