Active Stock Momentum: LendingClub Corporation (NYSE: LC)

On Tuesday, Shares of LendingClub Corporation (NYSE: LC) price closed at $3.39 in the trading session. After opening the first trading session at $3.36, it registered a day’s high of $3.48 and touched a day’s low of $3.36. The last trade was registered at price of $3.35 and volume was 3,931,526 as compared to it’s an average volume of 6,776,056.

LendingClub Corporation (LC), America’s largest online credit marketplace, recently reported that it has selected seasoned technology veteran Bahman Koohestani to serve as the company’s new Chief Technology Officer. Koohestani will lead the technology efforts as LendingClub expands the capabilities of its marketplace to transform the experience of obtaining and investing in credit. “We are thrilled to have Bahman join the leadership team. He brings deep experience in using data and technology to compete aggressively and deliver an amazing consumer experience,” stated Scott Sanborn, CEO of LendingClub. “Technology is at the core of what we do and crucial to our mission of helping people achieve financial success. As such, we set an incredibly high bar for this position. In Bahman, we found just the right mix of experience, vision, and leadership.”
LendingClub Corporation’s (LC) price volatility for a month noted as 4.10% however its price volatility for a week documented as 4.16%. The corporation holds 417.58 million outstanding shares and its 396.94 million shares were floated in the market. The stock established a positive trend of 2.73% in last week and indicated fall of -13.08% in previous month.

“LendingClub is the pioneer in using technology to make credit more accessible and more affordable,” stated Koohestani. “I’m looking forward to working with the team to leverage the scale of LendingClub’s data and technology platform to further unleash the company’s potential and deliver on its mission.”

Previousto Clarivate Analytics, Bahman was Executive Vice President and Chief Technology Officer of the leading shopping site NexTag where he managed all aspects of the technology platform and drove product strategy. He also served as Global Vice President at PayPal, leading global consumer and merchant product development. Previous leadership roles also include Chief Information Officer and Chief Technology Officer at Orbitz Worldwide. In 2001, he was a finalist for the Ernst & Young Entrepreneur of the Year award.

LendingClub Corporation’s (LC) stock price showed strong performance of 2.73% in last seven days, switched down -13.08% in last thirty days and it fell -37.91% in last one year. It has 417.58 million of outstanding shares and its shares float measured at 396.94.

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Stephen Myers: Active Stocks Reporter I am Stephen Myers and I have over 9 years experience in the Active Stocks services industry giving me a vast understanding of how news affects the financial markets. I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have Masters Degree in Economics from Westminster University with previous roles counting Investment Banking. Address: 3641 Broadway Street Hilton Head, SC 29926 Phone:  +(1) 843-689-6179 Email: stephen@valueswire.com

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