SLM Corporation (SLM, Trade), commonly known as Sallie Mae, is the nation’s leading provider of saving- and paying-for-college programs. The company manages more than $169 billion in education loans and serves 10 million student and parent customers. Through its Upromise affiliates, the company also manages nearly $19 billion in 529 college-savings plans, and is a major, private source of college funding contributions in America with more than 8.5 million members and $425 million in member rewards. Sallie Mae and its subsidiaries offer debt management services as well as business and technical products to a range of business clients, including higher education institutions, student loan guarantors and state and federal agencies.
The stock seems to be forming a bottom at this time. MACD is above mid-line the past few weeks, which could mean support is holding at these levels. I’m going for a long at market friday. Initial stop if price closed below 17.63.
