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Benzinga
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Manhattan Associates, LendingClub And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

1. U.S. stock futures were mixed; Nasdaq up 0.4%. 2. Manhattan Associates shares dropped 23.4% after soft FY25 guidance. 3. LendingClub Corporation's share value fell 21% due to disappointing EPS results. 4. Other stocks, like Globalstar and Avnet, also faced sharp declines.

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FAQ

Why Very Bearish?

LendingClub's significant drop follows worsened EPS, indicating potential ongoing weakness. In previous downturns, similar declines led to prolonged stock stagnation.

How important is it?

Article details specific performance metrics affecting LendingClub directly. Earnings reports are crucial for stock evaluation.

Why Short Term?

Immediate market reactions generally influence short-term price patterns. Historical examples show rapid recovery post-earnings miss are less common.

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