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Why LendingClub Stock Plunged on Wednesday

TheMotleyFool 
0 0 08.11.17
Why LendingClub Stock Plunged on Wednesday
 
Why LendingClub Stock Plunged on Wednesday

Shares of LendingClub Corp. (NYSE: LC) are down about 20% as of 11 a.m. EST Wednesday after the company said it was tightening credit standards. The company reduced guidance for the remainder of the year to account for lower origination volume.

Compare LendingClub's full-year guidance it gave in August to the guidance it gave in November and you'll see a marked change in fourth-quarter expectations for revenue and adjusted EBITDA.

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Source: Fool.com

LendingClub Corp. Stock

€16.93
-0.180%
LendingClub Corp. shows a slight decrease today, losing -€0.030 (-0.180%) compared to yesterday.
LendingClub Corp. is currently one of the favorites of our community with 10 Buy predictions and no Sell predictions.
With a target price of 20 € there is a slightly positive potential of 18.17% for LendingClub Corp. compared to the current price of 16.93 €.
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