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LC Stock Down to $3.66 per Share

Started by Peter, January 30, 2018, 11:00:00 PM

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Rob L

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

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

What bothers me is no news as to why.


TravelingPennies

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.

NEW LOANS:   | 870.eth 2.500 Ξ | 804.eth 2.500 Ξ | remoraid.eth 0.299 Ξ | ALL