SLM Corporation (SLM) : Traders are bullish on SLM Corporation (SLM) as it has outperformed the S&P 500 by a wide margin of 2.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.13%, 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 1.1% in the last 1 week, and is up 2.66% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
SLM Corporation is up 17.63% in the last 3-month period. Year-to-Date the stock performance stands at 12.58%. The stock has recorded a 20-day Moving Average of 2.12% and the 50-Day Moving Average is 8.33%.
SLM Corporation (NASDAQ:SLM): The stock opened at $7.33 on Friday but the bulls could not build on the opening and the stock topped out at $7.38 for the day. The stock traded down to $7.27 during the day, due to lack of any buying support eventually closed down at $7.34 with a loss of -0.27% for the day. The stock had closed at $7.36 on the previous day. The total traded volume was 1,459,517 shares.
Also, Equity Analysts at the Brokerage Firm, Goldman Sachs, maintains their rating on the shares of SLM Corporation (NASDAQ:SLM). Goldman Sachs has a Buy rating on the shares. As per the latest report, the brokerage house maintains the price target to $9 per share. The rating by the firm was issued on August 10, 2016.
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.