Navient Corporation (NASDAQ:NAVI) has tumbled 6.41% during the past week and has dropped 4.49% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.29%. Navient Corporation (NASDAQ:NAVI) has underperformed the index by 5.36% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Navient Corporation (NASDAQ:NAVI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.08 and $11.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.12, notching a gain of 0.50% for the day. The total traded volume was 5,179,879 . The stock had closed at $12.06 on the previous day.
The company shares have dropped -36.41% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $19.26 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $12.99 and the 200 Day Moving Average price is recorded at $11.64.
On the companys insider trading activities, Remondi John F, CEO of Navient Corp, had purchased 80,000 shares on February 8, 2016. The total value of the transaction was $703,200. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Currently the company Insiders own 1.05% of Navient Corporation shares according to the proxy statements. Institutional Investors own 94.66% of Navient Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 5.91%.
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.