SLM Corp’s recently made public 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 $3.28 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 $3.4 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 fall -2.39% to $24.93. Over the last five days, the stock has lost -15.12%. SLM Corp shares have fallen nearly -9.61% since the year began. Nevertheless, the stocks have risen 18.38% 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 04/07/25. SMA at 50 days reached $29.43, while 200 days put it at $25.00.
Levels Of Support And Resistance For SLM Stock
The 24-hour chart illustrates a support level at 23.81, which if violated will result in even more drops to 22.69. On the upside, there is a resistance level at 26.05. A further resistance level may holdings at 27.17. The Relative Strength Index (RSI) on the 14-day chart is 27.56, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.02%. Stochastics %K at 10.80% indicates the stock is a buying.
How much short interest is there in SLM Corp?
A steep rise in short interest was recorded in SLM Corp stocks on 2025-03-14, growing by 1.37 million shares to a total of 11.12 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 9.75 million shares. There was a rise of 12.31%, which implies that there is a positive sentiment for the stock.
