SLM Corporation (SLM) has risen sharply, recording gains of 0.68% in the past 4 weeks. However, the stock has corrected -0.27% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.76% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.41% and the 50-Day Moving Average is 2.64%.The 200 Day SMA reached 12.96% SLM Corporation is up 18.62% in the last 3-month period. Year-to-Date the stock performance stands at 13.34%.
SLM Corporation (SLM) : 3 investment research analysts covering SLM Corporation (SLM) have an average price target of $9.67 for the near short term. The highest target price given by the Brokerage Firm to the stock is $11 and the lowest target is $9 for the short term. Analysts expect the variance to be within $1.15 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. SLM Corporation (NASDAQ:SLM): stock was range-bound between the intraday low of $7.19 and the intraday high of $7.54 after having opened at $7.41 on Fridays session. The stock finally closed in the red at $7.41, a loss of -1.34%. The stock remained in the red for the whole trading day. The total traded volume was 4,686,207 shares. The stock failed to cross $7.54 in Fridays trading. The stocks closing price on Thursday was $7.39.
SLM Corporation is a holding company. The Company is a saving, planning and paying for education company. It is engaged in originating and servicing private education loans it makes to students and their families. The Company also operates a consumer savings network that provides financial rewards on everyday purchases to help families save for college. The Companys private education loans are made primarily to bridge the gap between the cost of higher education and the amount funded through financial aid, federal loans or customers resources. The Companys loans are non-federal loans and loans not insured or guaranteed under the federal family education loan program. It provides incentives for customers to include a cosigner on the loan and also encourages customers to make payments while in school.