Navient Corporation (NAVI) : Traders are bullish on Navient Corporation (NAVI) as it has outperformed the S&P 500 by a wide margin of 9.57% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.61%, 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 9.22% in the last 1 week, and is up 14.36% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 12.82% and the 50-Day Moving Average is 9.53%.
Navient Corporation (NASDAQ:NAVI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.81 and $13.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.86, notching a gain of 0.87% for the day. The total traded volume was 2,127,353 . The stock had closed at $13.74 on the previous day.
The company Insiders own 1.05% of Navient Corporation shares according to the proxy statements. Institutional Investors own 94.62% of Navient Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 5.91%. In a related news, Remondi John F, CEO of Navient Corp, executed a transaction worth $703,200 on February 8, 2016. A total of 80,000 shares were purchased at an average price of $8.79. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.