In a filing, Navient Corp revealed 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 $6.23 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 $7.76 million.
BofA Securities initiated its Navient Corp [NAVI] rating to a Neutral in a research note published on September 30, 2024; the price target was $17. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early April from “an Underweight” to “a Neutral”. Deutsche Bank began covering NAVI with “Hold” recommendation on January 10, 2024. Barclays revised its rating on January 10, 2024. It rated NAVI as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of NAVI
On Monday, Navient Corp [NASDAQ:NAVI] saw its stock jump 1.41% to $15.82. Over the last five days, the stock has gained 1.48%. Navient Corp shares have fallen nearly -15.04% since the year began. Nevertheless, the stocks have fallen -7.65% over the past one year. While a 52-week high of $19.68 was reached on 01/02/24, a 52-week low of $13.95 was recorded on 07/10/24. SMA at 50 days reached $15.54, while 200 days put it at $15.98.
Levels Of Support And Resistance For NAVI Stock
The 24-hour chart illustrates a support level at 15.58, which if violated will result in even more drops to 15.33. On the upside, there is a resistance level at 16.00. A further resistance level may holdings at 16.17. The Relative Strength Index (RSI) on the 14-day chart is 54.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.18%. Stochastics %K at 40.82% indicates the stock is a holding.
How much short interest is there in Navient Corp?
A steep rise in short interest was recorded in Navient Corp stocks on 2024-09-13, dropping by -0.22 million shares to a total of 8.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 8.41 million shares. There was a decline of -2.66%, which implies that there is a negative sentiment for the stock.
