SLM Corporation (SLM) has risen sharply, recording gains of 0.97% in the past 4 weeks. However, the stock has corrected -1.09% 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 1.19% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.48% and the fifty day Moving Average is 6.21%. SLM Corporation is up 7.72% in the last three month period. Year-to-Date the stock performance stands at 11.35%.
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.
SLM Corporation (NASDAQ:SLM): stock turned positive on Friday. Though the stock opened at $7.2, the bulls momentum made the stock top out at $7.34 level for the day. The stock recorded a low of $7.17 and closed the trading day at $7.26, in the green by 0.97%. The total traded volume for the day was 1,982,312. The stock had closed at $7.19 in the previous days trading.
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.