In a filing, SLM Corp revealed its Director Strong Robert S. unloaded Company’s shares for reported $0.12 million on Dec 02 ’24. In the deal valued at $27.25 per share,4,500 shares were sold. As a result of this transaction, Strong Robert S. now holds 83,130 shares worth roughly $2.3 million.
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Then, Strong Robert S. bought 4,500 shares, generating $122,486 in total proceeds.
Before that, Strong Robert S. sold 4,500 shares. SLM Corp shares valued at $99,505 were divested by the Director at a price of $22.11 per share. As a result of the transaction, Strong Robert S. now holds 87,630 shares, worth roughly $2.43 million.
Keefe Bruyette downgraded its SLM Corp [SLM] rating to a Mkt perform from a an Outperform in a research note published on December 09, 2024; the price target was increased to $30 from $27. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. Citigroup also remained covering SLM and has increased its forecast on January 16, 2024 with a “Buy” recommendation from previously “Neutral” rating. Deutsche Bank started covering the stock on January 10, 2024. It rated SLM as “a Buy”.
Price Performance Review of SLM
On Tuesday, SLM Corp [NASDAQ:SLM] saw its stock fall -0.25% to $27.68. Over the last five days, the stock has gained 5.53%. SLM Corp shares have risen nearly 44.77% since the year began. Nevertheless, the stocks have risen 51.67% over the past one year. While a 52-week high of $28.22 was reached on 11/25/24, a 52-week low of $18.04 was recorded on 01/09/24. SMA at 50 days reached $24.45, while 200 days put it at $22.09.
Levels Of Support And Resistance For SLM Stock
The 24-hour chart illustrates a support level at 27.32, which if violated will result in even more drops to 26.95. On the upside, there is a resistance level at 28.03. A further resistance level may holdings at 28.37. The Relative Strength Index (RSI) on the 14-day chart is 65.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.21%. Stochastics %K at 75.45% indicates the stock is a holding.
How much short interest is there in SLM Corp?
A steep rise in short interest was recorded in SLM Corp stocks on 2024-11-29, growing by 1.1 million shares to a total of 8.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.95 million shares. There was a rise of 13.68%, which implies that there is a positive sentiment for the stock.
