Author Topic: LC Stock Down to $3.66 per Share  (Read 3407 times)

Rob L

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LC Stock Down to $3.66 per Share
« 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?

storm

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Re: LC Stock Down to $3.66 per Share
« Reply #1 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.

dr.everett

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Re: LC Stock Down to $3.66 per Share
« Reply #2 on: January 31, 2018, 08:33:30 PM »
What bothers me is no news as to why.

annagreenang

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Re: LC Stock Down to $3.66 per Share
« Reply #3 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

dr.everett

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Re: LC Stock Down to $3.66 per Share
« Reply #4 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.