SLM Corporation (SLM) : Traders are bullish on SLM Corporation (SLM) as it has outperformed the S&P 500 by a wide margin of 6.23% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.27%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.7% in the last 1 week, and is up 8.87% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
SLM Corporation (NASDAQ:SLM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.23 and $7.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.24, notching a gain of 1.12% for the day. The total traded volume was 1,982,182 . The stock had closed at $7.16 on the previous day.
The stock has recorded a 20-day Moving Average of 2.49% and the 50-Day Moving Average is 7.89%. SLM Corporation is up 8.71% in the last 3-month period. Year-to-Date the stock performance stands at 11.04%.
SLM Corporation (SLM) : 4 Wall Street analysts covering SLM Corporation (SLM) believe that the average level the stock could reach for the short term is $9.75. The maximum price target given is $11 and the minimum target for short term is around $9, hence the standard deviation is calculated at $0.96.
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.