Large Outflow of Money Witnessed in Navient Corporation

Navient Corporation (NASDAQ:NAVI) surged 0.19% during the last session. The last traded price was up 0.03 points at $12.98. The data for the fund flow suggests that the net intraday money flow was $(-1.65) million. The fund value in upticks was recorded to be $1.38 million and in downticks, it was found to be $3.03 million. The up/down ratio for the day was measured to be 0.46. For the week, the shares have seen a percentage change of -2.15%.A block trade of $(-1.86) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0 million and that of downticks was $1.86 million. The block tradeoff had the up/down ratio of 0.


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%. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Navient Corp, Remondi John F had purchased shares worth of $703,200 in a transaction dated on February 8, 2016. A total of 80,000 shares were purchased at a price of $8.79 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Navient Corporation (NASDAQ:NAVI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.2 points or 1.54% at $12.75 with 3,002,754 shares getting traded. Post opening the session at $12.89, the shares hit an intraday low of $12.75 and an intraday high of $13.01 and the price was in this range throughout the day. The company has a market cap of $4,214 million and the number of outstanding shares have been calculated to be 330,513,820 shares. The 52-week high of Navient Corporation (NASDAQ:NAVI) is $19.36 and the 52-week low is $8.2.

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.

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