Company Shares of SLM Corporation Drops by -9.05%

SLM Corporation (NASDAQ:SLM) has tumbled 9.05% during the past week and has dropped 0.16% 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 7.96%. SLM Corporation (NASDAQ:SLM) has underperformed the index by 1.07% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

SLM Corporation (NASDAQ:SLM): The stock opened at $6.25 on Friday but the bulls could not build on the opening and the stock topped out at $6.29 for the day. The stock traded down to $6.17 during the day, due to lack of any buying support eventually closed down at $6.23 with a loss of -0.32% for the day. The stock had closed at $6.25 on the previous day. The total traded volume was 3,934,516 shares.

The company shares have dropped -38.56% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $10.33 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $6.61 and the 200 Day Moving Average price is recorded at $6.35.

On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Slm Corp, Strong Robert S. had purchased shares worth of $32,500 in a transaction dated on April 25, 2016. A total of 5,000 shares were purchased at a price of $6.5 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Many analysts have stated their opinion on the company shares. DA Davidson initiates coverage on SLM Corporation (NASDAQ:SLM) The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $9 per share. The rating by the firm was issued on March 21, 2016. Currently the company Insiders own 0.3% of SLM Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 19.32% . During last six month period, the net percent change held by insiders has seen a change of 20.14%.

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.

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