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JP Morgan upgrades Navient Corp (NAVI) stock to a Neutral

Navient Corp’s filing revealed that its EVP, CLO & Secretary HELEEN MARK L unloaded Company’s shares for reported $0.16 million on May 03 ’24. In the deal valued at $16.00 per share,10,000 shares were sold. As a result of this transaction, HELEEN MARK L now holds 393,611 shares worth roughly $5.55 million.

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Then, HELEEN MARK L sold 10,000 shares, generating $171,967 in total proceeds. Upon selling the shares at $17.20, the EVP, CLO & Secretary now owns 385,577 shares.

Before that, KANE JOHN M sold 150,132 shares. Navient Corp shares valued at $2,855,090 were divested by the EVP & Group President at a price of $19.02 per share. As a result of the transaction, KANE JOHN M now holds 490,778 shares, worth roughly $6.92 million.

JP Morgan upgraded its Navient Corp [NAVI] rating to a Neutral from a an Underweight in a research note published on April 03, 2024; the price target was decreased to $17 from $18. 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 Hold”‘ rating. Barclays also remained covering NAVI and has decreased its forecast on January 10, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. TD Cowen revised its rating on January 08, 2024. It rated NAVI as “an Underperform” which previously was an “a Market perform”.

Price Performance Review of NAVI

On Tuesday, Navient Corp [NASDAQ:NAVI] saw its stock fall -0.84% to $14.10. Over the last five days, the stock has lost -0.91%. Navient Corp shares have fallen nearly -24.27% since the year began. Nevertheless, the stocks have fallen -22.70% over the past one year. While a 52-week high of $19.69 was reached on 01/02/24, a 52-week low of $13.96 was recorded on 06/11/24. SMA at 50 days reached $14.89, while 200 days put it at $16.53. A total of 0.68 million shares were traded, compared to the trading of 0.56 million shares in the previous session.

Levels Of Support And Resistance For NAVI Stock

The 24-hour chart illustrates a support level at 13.99, which if violated will result in even more drops to 13.89. On the upside, there is a resistance level at 14.25. A further resistance level may holdings at 14.41. The Relative Strength Index (RSI) on the 14-day chart is 39.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.64%. Stochastics%K at 22.53% indicates the stock is a holding.

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