We share weekly commentaries with investors on stocks in our strategies that have appreciated or dropped more than 15% in a day during the course of the week. We hope you find this commentary useful.
|-29%||Shares of LendingClub, a digital bank and leading provider of personal loans, traded down 29% on Thursday after its first quarter guidance came in below expectations. Now that it is integrating Radius, a bank it acquired last year, management is ramping up technology and marketing investments.|
|-22.4%||Shares of Teradyne fell 22.4% on Thursday after reporting fourth quarter earnings and near-term guidance below consensus expectations. Although it raised guidance for 2024, management cautioned that the transition to 3 nanometer semiconductor technology will depress its semi-testing business for the next two years. |