SLM Stock Summary and Trading Ideas (SLM | NASDAQ:SLM)

SLM Corp is the largest student lender in the country. It makes and holds student loans through the guaranteed Federal Family Education Loan Program as well as through private channels. It also engages in debt-management operations, including accounts receivable and collections services, and runs college savings programs.

SLM trades on the NASDAQ stock market under the symbol SLM.

As of April 25, 2024, SLM stock price declined to $21.93 with 2,712,471 million shares trading.

SLM has a beta of 1.06, meaning it tends to be more sensitive to market movements. SLM has a correlation of 0.23 to the broad based SPY ETF.

SLM has a market cap of $4.83 billion. This is considered a Mid Cap stock.

Last quarter SLM reported $387 million in Revenue and $1.27 earnings per share. This fell short of revenue expectation by $-890,000 and exceeded earnings estimates by $.20.

In the last 3 years, SLM stock traded as high as $22.37 and as low as $10.81.

The top ETF exchange traded funds that SLM belongs to (by Net Assets): RDVY, VTI, IJH, VB, VBR.

SLM has outperformed the market in the last year with a price return of +53.2% while the SPY ETF gained +23.6%. SLM has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +14.8% and +4.9%, respectively, while the SPY returned +4.1% and -2.1%, respectively.

SLM support price is $21.76 and resistance is $22.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SLM stock will trade within this expected range on the day.