62K shares changed hands by the end of trading on Tuesday. Shares saw a steep increase in trading volume of 203.03% over the normal average daily volume.
Investors are a little more bullish on shares of SLM Corporation – Floating Rate recently as evidenced by the fall in short interest. The stock saw a fall in short interest of -8.67% between September 29, 2017 and October 13, 2017. Short interest fell 2,124 over that period. The short-interest ratio increased to 2.0 and the percentage of shorted shares was 0.00% on October 13.
The company is down by 0.27% since yesterday’s close of $67.32. Additionally the company declared a dividend that will be paid on Friday the 15th of December 2017. The dividend payment will be $0.763 per share for the quarter which is $3.05 annualized. This dividend amount will represent a yield of $4.49. The ex-dividend date is as of Wednesday the 30th of August 2017.
It is trading at $67.32 which is slightly below the 50 day moving average which is $67.93 and just a bit lower than the 200 day moving average of $69.93. The 50 day moving average went down $-0.61 or -0.90% whereas the 200 day average was down by -3.73%.
The company’s P/E ratio is 108.58 and the market cap of the company is 29.05B.
SLM Corporation, launched on December 2, 2013, is a holding company. The Business’s primary business is to originate and service loans it makes to students and their families to finance the cost of their education. The Company is a saving, planning and paying for college company. It is involved in originating and servicing Private Education Loans it makes to students and their families. The Company uses Private Education Loans to mean education loans to students or their families that are not made, insured or guaranteed by any state or federal government. The Company also operates Upromise, Inc. (Upromise), a consumer savings network that provides financial rewards on everyday purchases to help families save for college..