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. SLM Corp shares valued at $122,625 were sold by Strong Robert S. on Dec 02 ’24. At $27.25 per share, Strong Robert S. sold 4,500 shares. The insider’s holdings dropped to 83,130 shares worth approximately $2.42 million following the completion of this transaction.
Also, Strong Robert S. purchased 4,500 shares, netting a total of over 122,486 in proceeds.
Before that, Strong Robert S. had sold 4,500 shares from its account. In a trade valued at $99,505, the Director traded SLM Corp shares for $22.11 each. Upon closing the transaction, the insider’s holdings decreased to 4,500 shares, worth approximately $2.55 million.
As published in a research note from Keefe Bruyette on December 09, 2024, SLM Corp [SLM] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $30 from $27. Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. As of January 16, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for SLM. Earlier on January 10, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for SLM stock.
Analyzing SLM Stock Performance
During the last five days, there has been a surge of approximately 5.25%. Over the course of the year, SLM Corp shares have jumped approximately 5.44%. Shares of the company reached a 52-week high of $29.20 on 01/22/25 and a 52-week low of $26.55 on 01/13/25. A 50-day SMA is recorded $26.69, while a 200-day SMA reached $22.83. Nevertheless, trading volume fell to 3.09 million shares from 2.49 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 28.81, which, if violated, would cause prices to drop to 28.55. In the upper region, resistance lies at 29.27. The next price resistance is at 29.47. RSI (Relative Strength Index) is 65.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.65, which suggests the price will decrease in the coming days. Percent R is at 4.53%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
