SLM Corp’s filing revealed that its EVP, Chief Operational Officer Palmer Kerri A. unloaded Company’s shares for reported $0.8 million on Feb 21 ’25. In the deal valued at $31.90 per share,25,000 shares were sold. As a result of this transaction, Palmer Kerri A. now holds 131,484 shares worth roughly $4.0 million.
Then, Palmer Kerri A. bought 25,000 shares, generating $796,752 in total proceeds.
Before that, VIEIRA DONNA F sold 13,717 shares. SLM Corp shares valued at $446,037 were divested by the EVP & Chief Commercial Officer at a price of $32.52 per share. As a result of the transaction, VIEIRA DONNA F now holds 136,579 shares, worth roughly $4.15 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 Monday, SLM Corp [NASDAQ:SLM] saw its stock jump 2.42% to $30.42. Over the last five days, the stock has gained 3.96%. SLM Corp shares have risen nearly 10.30% since the year began. Nevertheless, the stocks have risen 44.10% over the past one year. While a 52-week high of $32.65 was reached on 02/19/25, a 52-week low of $19.39 was recorded on 01/13/25. SMA at 50 days reached $29.36, while 200 days put it at $24.60.
Levels Of Support And Resistance For SLM Stock
The 24-hour chart illustrates a support level at 30.00, which if violated will result in even more drops to 29.57. On the upside, there is a resistance level at 30.71. A further resistance level may holdings at 31.00. The Relative Strength Index (RSI) on the 14-day chart is 58.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.44%. Stochastics %K at 79.02% 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 2025-02-28, growing by 2.27 million shares to a total of 11.14 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 8.87 million shares. There was a rise of 20.4%, which implies that there is a positive sentiment for the stock.
