The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Navient Corp shares valued at $150,000 were sold by HAUBER STEPHEN M on Nov 06 ’24. At $15.00 per share, HAUBER STEPHEN M sold 10,000 shares. The insider’s holdings dropped to 256,883 shares worth approximately $3.42 million following the completion of this transaction.
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Also, HAUBER STEPHEN M purchased 10,000 shares, netting a total of over 150,000 in proceeds.
Before that, HELEEN MARK L had sold 10,000 shares from its account. In a trade valued at $160,000, the EVP, CLO & Secretary traded Navient Corp shares for $16.00 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $5.25 million.
As published in their initiating research note from BofA Securities on September 30, 2024, Navient Corp [NAVI] has been a Neutral and the price target has been revised to $17. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in early April. As of January 10, 2024, Deutsche Bank has initiated its “Hold” rating for NAVI. Earlier on January 10, 2024, Barclays downgraded its rating. Their new recommendation was “an Underweight” for NAVI stock which previously was a “an Equal weight”.
Analyzing NAVI Stock Performance
During the last five days, there has been a drop of approximately -4.03%. Over the course of the year, Navient Corp shares have dropped approximately -28.41%. Shares of the company reached a 52-week high of $18.74 on 01/02/24 and a 52-week low of $13.16 on 12/26/24. A 50-day SMA is recorded $14.95, while a 200-day SMA reached $15.39. Nevertheless, trading volume fell to 1.53 million shares from 1.37 million shares the previous day.
Support And Resistance Levels for Navient Corp (NAVI)
According to the 24-hour chart, there is a support level at 13.18, which, if violated, would cause prices to drop to 13.03. In the upper region, resistance lies at 13.46. The next price resistance is at 13.58. RSI (Relative Strength Index) is 32.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.03, which suggests the price will decrease in the coming days. Percent R is at 92.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
