SLM Corp’s filing revealed that 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.
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 $2.42 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 jump 1.39% to $27.63. Over the last five days, the stock has lost -2.02%. SLM Corp shares have risen nearly 0.18% since the year began. Nevertheless, the stocks have risen 48.31% over the past one year. While a 52-week high of $28.91 was reached on 01/06/25, a 52-week low of $18.25 was recorded on 01/13/25. SMA at 50 days reached $26.08, while 200 days put it at $22.66.
Levels Of Support And Resistance For SLM Stock
The 24-hour chart illustrates a support level at 27.27, which if violated will result in even more drops to 26.91. On the upside, there is a resistance level at 27.87. A further resistance level may holdings at 28.11. The Relative Strength Index (RSI) on the 14-day chart is 54.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.24%. Stochastics %K at 27.06% 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 2024-12-31, growing by 0.72 million shares to a total of 8.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 8.05 million shares. There was a rise of 8.17%, which implies that there is a positive sentiment for the stock.
