One of Schaeffer's top stock picks for 2025, LendingClub Corp (NYSEL:LC), was last seen up 19.7% at $15.69 after strong second-quarter results. The fintech name posted earnings of 33 cents per share on revenue of $248.4 million, beating estimates of 15 cents per share on revenue of $228 million. A handful of analysts lifted their price targets after the event, including J.P. Morgan Securities to $17 from $14.
Today's pop has LendingClub stock gapping to its highest levels since January as it heads for its largest daily percentage gain since October 2021. The stock has been steadily climbing off its early-April lows, heading for its third-straight monthly win. Year to date, however, the equity is still down 4.4%.
So far today, LC's typically quiet options pits have already seen 7.8 times the average daily options volume. The September 19 and October 19 calls are the most popular, with new positions opening at both.
Meanwhile, short interest has been building despite the stock's steady rally, now representing 4.4% of LC's available float. With these shorts now underwater, some short covering could be providing tailwinds today.
