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. SLM Corp. shares valued at $102,012 were purchased by Strong Robert S. on Aug 01 ’24. At $22.67 per share, Strong Robert S. acquired 4,500 shares.
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Also, Strong Robert S. sold 4,500 shares, netting a total of over 94,019 in proceeds. Following the sale of shares at $20.89 each, the insider now holds 105,593 shares.
Before that, Strong Robert S. had sold 4,500 shares from its account. In a trade valued at $96,480, the Director traded SLM Corp. shares for $21.44 each. Upon closing the transaction, the insider’s holdings decreased to 4,500 shares, worth approximately $2.28 million.
As published in a research note from Citigroup on January 16, 2024, SLM Corp. [SLM] has been rated up from a Neutral to a Buy and the price target has been revised to $23 from $14. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in early January. As of January 04, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for SLM. Earlier on December 08, 2023, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for SLM stock which previously was a “an Equal weight”.
Analyzing SLM Stock Performance
During the last five days, there has been a drop of approximately -3.87%. Over the course of the year, SLM Corp. shares have jumped approximately 15.64%. Shares of the company reached a 52-week high of $23.95 on 07/18/24 and a 52-week low of $18.04 on 01/09/24. A 50-day SMA is recorded $21.42, while a 200-day SMA reached $19.37. Nevertheless, trading volume fell to 1.66 million shares from 1.23 million shares the previous day.
Support And Resistance Levels for SLM Corp. (SLM)
According to the 24-hour chart, there is a support level at 21.76, which, if violated, would cause prices to drop to 21.41. In the upper region, resistance lies at 22.68. The next price resistance is at 23.25. RSI (Relative Strength Index) is 48.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.52, which suggests the price will decrease in the coming days. Percent R is at 93.40%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
