Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SLM Corp. shares valued at $98,108 were sold by Strong Robert S. on Sep 03 ’24. At $21.80 per share, Strong Robert S. sold 4,500 shares. The insider’s holdings dropped to 96,593 shares worth approximately $2.13 million following the completion of this transaction.
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Also, Strong Robert S. purchased 4,500 shares, netting a total of over 97,970 in proceeds.
Before that, Strong Robert S. had sold 4,500 shares from its account. In a trade valued at $102,150, the Director traded SLM Corp. shares for $22.70 each. Upon closing the transaction, the insider’s holdings decreased to 4,500 shares, worth approximately $2.23 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 surge of approximately 5.60%. Over the course of the year, SLM Corp. shares have jumped approximately 15.48%. 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 $21.58, while a 200-day SMA reached $20.53. Nevertheless, trading volume fell to 1.47 million shares from 1.05 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 21.85, which, if violated, would cause prices to drop to 21.61. In the upper region, resistance lies at 22.39. The next price resistance is at 22.70. RSI (Relative Strength Index) is 61.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.71, which suggests the price will decrease in the coming days. Percent R is at 13.76%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.