SLM Corp’s recent filing unveils that its Director Strong Robert S. unloaded Company’s shares for reported $0.15 million on Feb 12 ’25. In the deal valued at $29.48 per share,5,000 shares were sold. As a result of this transaction, Strong Robert S. now holds 38,163 shares worth roughly $ 1.24 million.
Then, Manvitz Ted bought 10,000 shares, generating $289,032 in total proceeds. Upon buying the shares at $28.90, the Director now owns 56,464 shares.
Before that, Strong Robert S. bought 5,000 shares. SLM Corp shares valued at $147,260 were divested by the Director at a price of $29.45 per share.
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 3.53% to $32.54. Over the last five days, the stock has gained 11.86%. SLM Corp shares have risen nearly 17.98% since the year began. Nevertheless, the stocks have risen 61.41% over the past one year. While a 52-week high of $31.49 was reached on 02/18/25, a 52-week low of $19.39 was recorded on 01/13/25. SMA at 50 days reached $28.19, while 200 days put it at $23.57.
Levels Of Support And Resistance For SLM Stock
The 24-hour chart illustrates a support level at 31.69, which if violated will result in even more drops to 30.83. On the upside, there is a resistance level at 33.00. A further resistance level may holdings at 33.45. The Relative Strength Index (RSI) on the 14-day chart is 75.63, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.76, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.08%. Stochastics %K at 99.18% indicates the stock is a selling.
