The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Navient Corp shares valued at $160,000 were sold by HELEEN MARK L on May 03 ’24. At $16.00 per share, HELEEN MARK L sold 10,000 shares. The insider’s holdings dropped to 393,611 shares worth approximately $6.18 million following the completion of this transaction.
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
Also, HELEEN MARK L sold 10,000 shares, netting a total of over 171,967 in proceeds. Following the sale of shares at $17.20 each, the insider now holds 385,577 shares.
Before that, KANE JOHN M had sold 150,132 shares from its account. In a trade valued at $2,855,090, the EVP & Group President traded Navient Corp shares for $19.02 each. Upon closing the transaction, the insider’s holdings decreased to 150,132 shares, worth approximately $7.7 million.
As published in a research note from JP Morgan on April 03, 2024, Navient Corp [NAVI] has been rated up from an Underweight to a Neutral and the price target has been revised to $17 from $18. Analysts at Deutsche Bank started covering the stock with ‘”a Hold”‘ outlook in a report released in early January. As of January 10, 2024, Barclays has decreased its “an Equal weight” rating to a “an Underweight” for NAVI. Earlier on January 08, 2024, TD Cowen downgraded its rating. Their new recommendation was “an Underperform” for NAVI stock which previously was a “a Market perform”.
Analyzing NAVI Stock Performance
During the last five days, there has been a surge of approximately 0.51%. Over the course of the year, Navient Corp shares have dropped approximately -15.74%. Shares of the company reached a 52-week high of $18.74 on 01/02/24 and a 52-week low of $13.95 on 07/10/24. A 50-day SMA is recorded $14.83, while a 200-day SMA reached $16.43. Nevertheless, trading volume fell to 1.28 million shares from 0.89 million shares the previous day.
Support And Resistance Levels for Navient Corp (NAVI)
According to the 24-hour chart, there is a support level at 14.87, which, if violated, would cause prices to drop to 14.05. In the upper region, resistance lies at 16.14. The next price resistance is at 16.58. RSI (Relative Strength Index) is 65.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.54, which suggests the price will decrease in the coming days. Percent R is at 9.16%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.