What Is The Buzz Surrounding SLM Corp (NASDAQ:SLM)?

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SLM Corp (NASDAQ:SLM) was a notable outperformer during Thursday’s trading session, rallying by 1.22% on relatively heavy volumes. The stock has been in a steady downtrend ever since it was unable to breach resistance at levels of $8.27 but is showing signs of forming a support near levels of $6.43. SLM Corp currently trends below all moving averages, which is considered to be a bearish sign. The indicator measuring relative strength continues to trend higher indicative of the strong buying interest. The oscillator for momentum is showing no signs of strong bullish reversal. Traders see the stock heading to levels of $6.96 in the near term.

SLM

Upromise by SLM Corp (NASDAQ:SLM) is offering increased prospects to earn more cash back for college this season, and that is why the savings didn’t end on Cyber Monday or Black Friday. The members of Upromise can earn up to 5% cash back by shopping at over 850 online retail associates, or earn cash back while dining at one of Upromise’s over 10,000 partner restaurants. If holiday travel is on student’s agenda, reservationof the trip through an Upromise travel associate like Travelocity or Orbitz can also bring money back in pocket.

The details

Every Tuesday through December 23, SLM’s Upromise will provide additional offers to earn more cash back. The members can avail as much as 10% cash back at numerous major retailer firms, including Kohls.com, Under Armour, Macys.com and many others. Upromise MasterCard holders can avail an additional 5%cash back. Last season, the members received a collective $14 million in offers cash back.

David O’Connell, the President of Upromise by SLM Corp (NASDAQ:SLM), said that during the holidays, it is convenient to place financial objectives like saving for college at the top of list. But the promising news is that through Upromise students can continue to shop and save at the same time. By shopping using Upromise, the families can actually contribute to savings account of college and get increased cash back, as they buy holiday gifts, increasing everyone else holiday spending with no additional stress.

The highlights

Friends, grandparents, and other family members can link their shopping to a valid Upromise account to give funds for a grandchild or child’s ‘college savings’ fund. Upromise members with family and friends who contribute to college savings accounts fetch three times more cash back, on average. Upromise by SLM enables families to get cash back for college from daily purchases by online shopping on partners’platform.

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