SLM Corporation (NASDAQ:SLM) traded today at a new 52-week high of $16.09. So far today approximately 647,000 shares have been exchanged, as compared to an average 30-day volume of 6.3 million shares.
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. Created as a government-sponsored enterprise in 1972, Sallie Mae cut the last of its official ties with the government in 2004.
SLM Corporation share prices have moved between a 52-week high of $16.09 and a 52-week low of $5.60 and are now trading 186% above that low price at $16.00 per share.
SLM Corporation (NASDAQ:SLM) defies analysts with a current price ($16.00) 4.3% above its average consensus price target of $15.32.
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