SLM Corp’s recent filing unveils that its Director Strong Robert S. unloaded Company’s shares for reported $99505.0 on Nov 01 ’24. In the deal valued at $22.11 per share,4,500 shares were sold. As a result of this transaction, Strong Robert S. now holds 87,630 shares worth roughly $2.4 million.
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Then, Strong Robert S. bought 4,500 shares, generating $99,367 in total proceeds.
Before that, Strong Robert S. sold 4,500 shares. SLM Corp shares valued at $102,230 were divested by the Director at a price of $22.72 per share. As a result of the transaction, Strong Robert S. now holds 92,130 shares, worth roughly $2.52 million.
BofA Securities initiated its SLM Corp [SLM] rating to a Buy in a research note published on September 25, 2024; the price target was $27. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “a Buy”. Deutsche Bank began covering SLM with “Buy” recommendation on January 10, 2024. JP Morgan revised its rating on January 04, 2024. It rated SLM as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of SLM
On Friday, SLM Corp [NASDAQ:SLM] saw its stock jump 0.66% to $27.38. Over the last five days, the stock has gained 10.14%. SLM Corp shares have risen nearly 43.20% since the year began. Nevertheless, the stocks have risen 89.74% over the past one year. While a 52-week high of $28.22 was reached on 11/25/24, a 52-week low of $14.03 was recorded on 01/09/24. SMA at 50 days reached $23.36, while 200 days put it at $21.70.
Levels Of Support And Resistance For SLM Stock
The 24-hour chart illustrates a support level at 27.13, which if violated will result in even more drops to 26.88. On the upside, there is a resistance level at 27.60. A further resistance level may holdings at 27.83. The Relative Strength Index (RSI) on the 14-day chart is 70.63, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.39%. Stochastics %K at 80.71% indicates the stock is a selling.
How much short interest is there in SLM Corp?
A steep rise in short interest was recorded in SLM Corp stocks on 2024-11-15, growing by 1.35 million shares to a total of 7.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.33 million shares. There was a rise of 17.56%, which implies that there is a positive sentiment for the stock.
