LendingClub hit a new low of $3.50 to close out the disastrous week.
The stock now trades near cash values despite any indication that the loan performances are impacted.
LendingClub now trades near death watch value providing an incredible entry point though risks of lower prices exist in the near term.
The sudden resignation of the CEO has left the stock of LendingClub (NYSE:LC) in a downward spiral. The stock now trades at a death watch valuation despite no fundamental change to the performance of the loans on the platform.