Stock Traders Purchase High Volume of Call Options on SLM Corp. (SLM)
Shares of SLM Corp. (NYSE:SLM) was the recipient of some unusual options trading on Monday. Stock traders bought 33,190 call options on the company, AnalystRatingsNetwork reports. This represents an increase of approximately 1,408% compared to the typical daily volume of 2,201 call options.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of SLM Corp. in a research note to investors on Friday, December 20th. They now have a $27.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. SLM Corp. currently has a consensus rating of “Buy” and an average target price of $27.33.
SLM Corp. (NYSE:SLM) opened at 24.47 on Tuesday. SLM Corp. has a 52 week low of $16.57 and a 52 week high of $27.34. The stock has a 50-day moving average of $26.22 and a 200-day moving average of $25.20. The company has a market cap of $10.675 billion and a P/E ratio of 8.31.
SLM Corp. (NYSE:SLM) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.70 by $0.09. During the same quarter last year, the company posted $0.55 earnings per share. Analysts expect that SLM Corp. will post $2.54 EPS for the current fiscal year.
SLM Corporation (NYSE:SLM) is a holding company.
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