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Stock Market & Financial Investment News

News Breaks
January 17, 2014
11:07 EDTSLMSLM Corp. slides after missing earnings, levels to watch
The company reported last night after the close, reporting Q4 core EPS of 61 cents versus consensus of 73 cents. Shares are down over 8.6% to $24.79. This move lower has broken the 10, 30, and 50-day moving averages which were all uptrend support proxies. The 50-day, last at $26.14, is now resistance. Next support based on current price is at $23.93, a prior pivot low.
News For SLM From The Last 14 Days
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August 8, 2014
09:06 EDTSLMSallie Mae sells $820M of Smart Option Student Loans to Navient
Sallie Mae, formally known as SLM (SLM) announced the completion of the company’s first asset-backed securitization as a standalone consumer banking business and the definitive agreement for its first loan sale. The off-balance sheet securitization consisted of approximately $380M of Smart Option Student Loans. All securities, including the entire residual interest in the loans, were privately placed with a single, third-party investment manager. The company has also signed a definitive agreement to sell approximately $820M of Smart Option Student Loans to Navient (NAVI). The loan sale is expected to close in August.

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