Navient Corporation (NAVI) has been under a strong bear grip, hence the stock is down -2.11% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.93% in the past 1 week. The stock has risen by 4.89% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.74% in the past 4 weeks.
Navient Corporation is up 12.82% in the last 3-month period. Year-to-Date the stock performance stands at 26.9%. The stock has recorded a 20-day Moving Average of 0.55% and the 50-Day Moving Average is 7.1%.
Navient Corporation (NASDAQ:NAVI): The stock opened at $14.47 on Friday but the bulls could not build on the opening and the stock topped out at $14.52 for the day. The stock traded down to $14.14 during the day, due to lack of any buying support eventually closed down at $14.15 with a loss of -2.82% for the day. The stock had closed at $14.56 on the previous day. The total traded volume was 1,999,023 shares.
Also, Equity analysts at the Brokerage firm Goldman Sachs downgrades its rating on Navient Corporation (NASDAQ:NAVI). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 21, 2016.
Navient Corporation is a loan management, servicing and asset recovery company. The Company holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (FFELP), as well as the portfolio of Private Education Loans. FFELP Loans are insured or guaranteed by state based on guaranty agreements among the United States Department of Education (ED) and these agencies. Private Education Loans are education loans to students or their families that bear the full credit risk of the customer and any cosigner. The Company operates in three segments: FFELP Loans, Private Education Loans and Business Services. The Company services its own portfolio of education loans, as well as those owned by banks, credit unions, non-profit education lenders and ED. It also provides asset recovery services on its own portfolio, guaranty agencies, higher education institutions, ED and other federal clients, as well as states, courts and municipalities.