In a filing, SLM Corp. revealed its Director Strong Robert S. unloaded Company’s shares for reported $94019.0 on Jul 01 ’24. In the deal valued at $20.89 per share,4,500 shares were sold. As a result of this transaction, Strong Robert S. now holds 105,593 shares worth roughly $2.38 million.
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Then, Strong Robert S. sold 4,500 shares, generating $96,480 in total proceeds. Upon selling the shares at $21.44, the Director now owns 102,983 shares.
Before that, Blackley Richard Scott bought 11,702 shares. SLM Corp. shares valued at $249,378 were divested by the Director at a price of $21.31 per share. As a result of the transaction, Blackley Richard Scott now holds 23,518 shares, worth roughly $0.53 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 -0.75% to $22.56. Over the last five days, the stock has lost -3.26%. SLM Corp. shares have risen nearly 17.99% since the year began. Nevertheless, the stocks have risen 43.42% over the past one year. While a 52-week high of $23.95 was reached on 07/18/24, a 52-week low of $12.26 was recorded on 01/09/24. SMA at 50 days reached $21.32, while 200 days put it at $19.23. A total of 1.43 million shares were traded, compared to the trading of 1.92 million shares in the previous session.
Levels Of Support And Resistance For SLM Stock
The 24-hour chart illustrates a support level at 22.41, which if violated will result in even more drops to 22.27. On the upside, there is a resistance level at 22.73. A further resistance level may holdings at 22.91. The Relative Strength Index (RSI) on the 14-day chart is 54.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.76%. Stochastics%K at 65.31% indicates the stock is a holding.
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.
