SLM Rises On Unusually High Volume (SLM)

NEW YORK ( TheStreet) -- SLM (Nasdaq: SLM) is trading at unusually high volume Thursday with seven million shares changing hands. It is currently at two times its average daily volume and trading up $1.17 (+5%) at $24.58 as of 2:46 p.m. ET.

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SLM has a market cap of $10.4 billion and is part of the financial sector and financial services industry. Shares are up 36.7% year to date as of the close of trading on Wednesday.

Sallie Mae, Inc., through its subsidiaries, originates, acquires, finances, and services private education loans in the United States. The company operates through three segments: Consumer Lending, Business Services, and FFELP Loans.

TheStreet Ratings rates SLM as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full SLM Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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