Stifel Upgrades Lending Club (LC) to Buy
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LendingClub (LC) Declines Ahead of Lockup Expiration
June 8, 2015 3:46 PM EDTLendingClub (NYSE: LC) shares slipped ahead of IPO lockup expiration on Tuesday, June 9. The lockup will allow pre-IPO holders to sell 150 million shares, greatly increasing the float. A second lockup equal to 182 million shares expires in August, noted DRD Investment's Don Dion in a recent blog post.
... MorePacific Crest Upgrades Lending Club (LC) to Overweight
June 8, 2015 6:39 AM EDTPacific Crest upgraded Lending Club (NYSE: LC) from Sector Weight to Overweight with a price target of $23. Analyst Josh Beck said conversations with advertising executives point to stable pricing trends.
"After speaking with advertising executives, we believe trends should be stable despite fears of... More
