Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SLM Corp. shares valued at $102,230 were sold by Strong Robert S. on Oct 01 ’24. At $22.72 per share, Strong Robert S. sold 4,500 shares. The insider’s holdings dropped to 92,130 shares worth approximately $2.08 million following the completion of this transaction.
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Also, Strong Robert S. purchased 4,500 shares, netting a total of over 102,091 in proceeds.
Before that, Strong Robert S. had sold 4,500 shares from its account. In a trade valued at $98,108, the Director traded SLM Corp. shares for $21.80 each. Upon closing the transaction, the insider’s holdings decreased to 4,500 shares, worth approximately $2.18 million.
As published in their initiating research note from BofA Securities on September 25, 2024, SLM Corp. [SLM] has been a Buy and the price target has been revised to $27. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of January 10, 2024, Deutsche Bank has initiated its “Buy” rating for SLM. Earlier on January 04, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for SLM stock which previously was a “an Overweight”.
Analyzing SLM Stock Performance
During the last five days, there has been a drop of approximately -1.05%. Over the course of the year, SLM Corp. shares have jumped approximately 17.99%. 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 $22.00, while a 200-day SMA reached $21.18. Nevertheless, trading volume fell to 2.01 million shares from 1.64 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 22.15, which, if violated, would cause prices to drop to 21.73. In the upper region, resistance lies at 22.86. The next price resistance is at 23.16. RSI (Relative Strength Index) is 51.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.49, which suggests the price will decrease in the coming days. Percent R is at 53.21%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
