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Author Topic: LC Stock Down to $3.66 per Share

R
  • Posts: 484
LC Stock Down to $3.66 per Share
OP: January 31, 2018, 12:00:00 AM
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?
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s
  • Posts: 78
LC Stock Down to $3.66 per Share
#1: December 31, 1969, 07:00:00 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.
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d
  • Posts: 95
LC Stock Down to $3.66 per Share
#2: December 31, 1969, 07:00:00 PM
What bothers me is no news as to why.
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T
  • Posts: 6588
LC Stock Down to $3.66 per Share
#4: December 31, 1969, 07:00:00 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.
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