SLM Corp.’s recent filing unveils that its SVP & Controller Boyles Jonathan unloaded Company’s shares for reported $1.95 million on Feb 29 ’24. In the deal valued at $20.72 per share,94,078 shares were sold. As a result of this transaction, Boyles Jonathan now holds 52,751 shares worth roughly $1.13 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, VIEIRA DONNA F sold 12,308 shares, generating $249,484 in total proceeds. Upon selling the shares at $20.27, the EVP & Chief Commercial Officer now owns 126,500 shares.
Before that, Jafarieh Nicolas sold 7,500 shares. SLM Corp. shares valued at $120,864 were divested by the EVP -Legal, Govt, Comm Officer at a price of $16.12 per share. As a result of the transaction, Jafarieh Nicolas now holds 162,664 shares, worth roughly $3.47 million.
Citigroup upgraded its SLM Corp. [SLM] rating to a Buy from a a Neutral in a research note published on January 16, 2024; the price target was increased to $23 from $14. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in early January with a ‘”a Buy”‘ rating. JP Morgan also remained covering SLM and has decreased its forecast on January 04, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Wells Fargo revised its rating on December 08, 2023. It rated SLM as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of SLM
On Monday, SLM Corp. [NASDAQ:SLM] saw its stock fall -0.05% to $21.35. Over the last five days, the stock has gained 4.10%. SLM Corp. shares have risen nearly 11.66% since the year began. Nevertheless, the stocks have risen 86.79% over the past one year. While a 52-week high of $21.74 was reached on 03/22/24, a 52-week low of $10.81 was recorded on 01/09/24. SMA at 50 days reached $20.06, while 200 days put it at $16.58. A total of 0.75 million shares were traded, compared to the trading of 1.18 million shares in the previous session.
Levels Of Support And Resistance For SLM Stock
The 24-hour chart illustrates a support level at 21.25, which if violated will result in even more drops to 21.15. On the upside, there is a resistance level at 21.50. A further resistance level may holdings at 21.64. The Relative Strength Index (RSI) on the 14-day chart is 61.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.32%. Stochastics %K at 80.74% indicates the stock is a selling.
How much short interest is there in SLM Corp.?
A steep rise in short interest was recorded in SLM Corp. stocks on Feb 29, 2024, dropping by -0.81 million shares to a total of 10.7 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 11.51 million shares. There was a decline of -7.57%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.74% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.19.
The most recent change occurred on November 15, 2023 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $16 price target.
