Issued 2026-09-16 at $25.28 · now $25.28 (2026-09-16, +0.0% since)
Based on its own history, a month from the 2026-09-16 close, SLM has typically landed between $21.83 and $29.36 — a range of −13.6% to +16.1% from the issuance price $25.28.
- Actual close
- Typical path (median)
- Middle 50% of outcomes
- 90% range
4,673 overlapping 1 month windows · 2008-01-02 – 2026-08-17 · basis climatology · forecast (batch). Probability up 53.9% (90% CI 51.7–56.1%, ≈1,408 obs).
The cone is anchored at the 2026-09-16 issuance close ($25.28) — the price the forecast resolves against on 2026-10-15, not the latest close. The drawn path shape is illustrative (bands widen with √t); every labeled number is real — the anchor, the scored batch p90/IQR endpoints, and the typical move.
Where SLM has typically landed a month from the 2026-09-16 close of $25.28 — the range is history, not a prediction.
- now $25.28 (+0.0%)
- typicalThe typical outcome — half of similar past periods did better and half did worse (not an average, so a few wild periods don't skew it). $25.59 (+1.2%)
- middle 50%The central range of outcomes — half of similar past periods landed inside it, a quarter finished above, a quarter below. $24.15–$27.02
- 90% rangeA nine-in-ten range — in about nine of every ten similar past periods the outcome stayed within these bounds. $21.83–$29.36
| Start | Return | Max drop | Max rise |
|---|---|---|---|
| 3 worst | |||
| 2009-02-03 | −69.8% | −69.8% | +0.0% |
| 2009-01-30 | −67.2% | −67.2% | +2.1% |
| 2009-01-29 | −66.5% | −66.5% | +4.4% |
| 3 best | |||
| 2009-03-09 | +75.9% | +0.0% | +75.9% |
| 2009-03-11 | +70.5% | −9.8% | +70.5% |
| 2009-03-06 | +69.3% | −2.6% | +69.3% |
4,673 overlapping windows · 2008-01-02 – 2026-09-16 · not cherry-picked
Seasonality · by month iHow this security has tended to do in each calendar month historically — a frequency, never a prediction.
iFor each calendar month, the share of years this security closed higher than the month before, and the average month-over-month return, over ~19 years of its own price history. Cells are shaded by average return. This is historical frequency, not a prediction — no month is a signal.Up-frequency and average month-over-month return · historical frequency, not a prediction
Reported insider & political trades
Every Form 4 the people closest to this company have filed with the SEC — plotted against the share price, aggregated by month, and shown with the gap between when each trade happened and when it was disclosed. A public record, not advice.
| Date | Person | Role | Action | Shares @ price | Value | Ownership Δ | vs S&P 1m | vs S&P 6m | Owned after | Filing |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-07-29 | Palmer Kerri A. | officer | Sale | 55,000 @ $32.21 | $1.8M | −31.6% of holding | −3.4% | −27.6% | 119,253 | Form 4 · filed 2 days after the trade |
| 2025-05-28 | Pahwa Munish | officer | Sale | 10,000 @ $34.08 | $341K | −12.4% of holding | −6.2% | −28.2% | 70,836 | Form 4 · filed 2 days after the trade |
| 2025-05-02 | Strong Robert S. | director | Sale | 3,000 @ $31.15 | $93K | −7.9% of holding | −0.4% | −34.2% | 35,195 | Form 4 · filed 4 days after the trade |
| 2025-02-21 | Palmer Kerri A. | officer | Sale | 25,000 @ $31.90 | $798K | −16.0% of holding | +3.6% | −3.9% | 131,484 | Form 4 · filed 3 days after the trade |
| 2025-02-19 | VIEIRA DONNA F | director | Sale | 13,717 @ $32.52 | $446K | −9.1% of holding | −0.0% | −9.7% | 136,579 | Form 4 · filed 1 day after the trade |
| 2025-02-12 | Strong Robert S. | director | Sale | 5,000 @ $29.48 | $147K | −11.6% of holding | +6.3% | +5.2% | 38,163 | Form 4 · filed 1 day after the trade |
| 2025-02-11 | Manvitz Ted | director | Purchase | 10,000 @ $28.90 | $289K | +21.5% of holding | +6.7% | +7.4% | 56,464 | Form 4 · filed 2 days after the trade |
| 2025-01-28 | Strong Robert S. | director | Sale | 40,000 @ $28.57 | $1.1M | −48.1% of holding | +8.6% | +6.7% | 43,163 | Form 4 · filed 2 days after the trade |
The vs-S&P columns are a labeled look-back on what the stock did after each filing, measured against the index over the same window. Descriptive history, not a claim about the person or a reason to trade.
121 award / exercise / gift records — not counted as purchases
Awards, option exercises, gifts and tax-withholding disposals are shown separately and never counted as open-market purchases or sales — they carry no conviction information.
| Date | Person | Role | Action | Shares | Owned after | Filing |
|---|---|---|---|---|---|---|
| 2026-06-17 | Blackley Richard Scott | director | Award / grant | 1,198 | 41,619 | Form 4 |
| 2026-06-17 | GREIG HENRY F | director | Award / grant | 1,089 | 16,929 | Form 4 |
| 2026-06-17 | Manvitz Ted | director | Award / grant | 1,062 | 76,041 | Form 4 |
| 2026-06-16 | Greenstein Daniel | director | Award / grant | 7,349 | 12,747 | Form 4 |
| 2026-06-16 | Lavelle Mark L | director | Award / grant | 7,349 | 85,764 | Form 4 |
| 2026-06-16 | Blackley Richard Scott | director | Award / grant | 7,349 | 40,421 | Form 4 |
| 2026-06-16 | Leech Christopher T. | director | Award / grant | 7,349 | 19,946 | Form 4 |
| 2026-06-16 | MILLERCHIP GARY | director | Award / grant | 7,349 | 12,747 | Form 4 |
| 2026-06-16 | Manvitz Ted | director | Award / grant | 7,349 | 74,979 | Form 4 |
| 2026-06-16 | Matheson James D. | director | Award / grant | 7,349 | 111,837 | Form 4 |
| 2026-06-16 | Schneck-Last Vivian C. | director | Award / grant | 7,349 | 98,945 | Form 4 |
| 2026-06-16 | Wolberg Kirsten O. | director | Award / grant | 7,349 | 81,690 | Form 4 |
| 2026-06-16 | Franke Mary Carter Warren | director | Award / grant | 7,349 | 104,998 | Form 4 |
| 2026-06-16 | GREIG HENRY F | director | Award / grant | 7,349 | 15,840 | Form 4 |
| 2026-06-16 | Akella Janaki | director | Award / grant | 7,349 | 19,946 | Form 4 |
| 2026-05-01 | Jafarieh Nicolas | officer | Gift | 1,098 | 285,355 | Form 4 |
| 2026-05-01 | Jafarieh Nicolas | officer | Gift | 4,390 | 280,965 | Form 4 |
| 2026-04-01 | Turner Steven Allen | officer | Award / grant | 58,877 | 84,219 | Form 4 |
| 2026-03-18 | Blackley Richard Scott | director | Award / grant | 1,402 | 33,040 | Form 4 |
| 2026-03-18 | GREIG HENRY F | director | Award / grant | 1,274 | 8,459 | Form 4 |
| 2026-03-18 | Manvitz Ted | director | Award / grant | 1,242 | 67,599 | Form 4 |
| 2026-03-12 | Blackley Richard Scott | director | Gift | 11,702 | 31,604 | Form 4 |
| 2026-03-03 | Witter Jonathan W. | director | Withheld for tax | 18,411 | 1,423,878 | Form 4 |
| 2026-03-03 | Graham Peter M | director | Withheld for tax | 4,708 | 152,338 | Form 4 |
| 2026-03-03 | Palmer Kerri A. | officer | Withheld for tax | 3,596 | 169,037 | Form 4 |
| 2026-03-03 | Jafarieh Nicolas | officer | Withheld for tax | 2,874 | 285,987 | Form 4 |
| 2026-03-03 | Pahwa Munish | officer | Withheld for tax | 2,332 | 84,743 | Form 4 |
| 2026-03-02 | Turner Steven Allen | officer | Award / grant | 25,052 | 25,052 | Form 4 |
| 2026-03-02 | Palmer Kerri A. | officer | Award / grant | 43,512 | 172,633 | Form 4 |
| 2026-03-02 | Pahwa Munish | officer | Award / grant | 23,074 | 87,075 | Form 4 |
| 2026-03-02 | Jafarieh Nicolas | officer | Award / grant | 51,424 | 288,861 | Form 4 |
| 2026-03-02 | Witter Jonathan W. | director | Award / grant | 165,147 | 1,442,289 | Form 4 |
| 2026-03-02 | Graham Peter M | director | Award / grant | 49,314 | 157,046 | Form 4 |
| 2026-02-24 | Witter Jonathan W. | director | Withheld for tax | 169,433 | 1,277,142 | Form 4 |
| 2026-02-24 | Jafarieh Nicolas | officer | Withheld for tax | 27,792 | 237,437 | Form 4 |
| 2026-02-24 | Palmer Kerri A. | officer | Withheld for tax | 22,387 | 129,121 | Form 4 |
| 2026-02-24 | Jafarieh Nicolas | officer | Award / grant | 58,880 | 265,229 | Form 4 |
| 2026-02-24 | Witter Jonathan W. | director | Award / grant | 338,188 | 1,446,575 | Form 4 |
| 2026-02-24 | Palmer Kerri A. | officer | Award / grant | 49,637 | 151,508 | Form 4 |
| 2026-02-17 | Witter Jonathan W. | director | Withheld for tax | 35,504 | 1,108,387 | Form 4 |
Source: SEC Form 4 filings. Each row links to its original filing.
Across 2012–2021, stocks where a CEO, C-suite officer, or director had recently made an open-market common-stock purchase ran about +28 bp per month above the universe average (n=34,268 stock-weeks). A historical tendency, not a prediction.
Congressional disclosures iStock trades disclosed by members of Congress for this company, by the date they were filed.iDisclosures shown as facts. A purchase “cluster” (≥2 members of Congress filing a buy within 90 days) has historically preceded modestly higher forward returns — and it persisted out-of-sample, though it roughly halved after 2021 (see below). A descriptive historical tendency, not a signal to trade and not used in our forecast. See /methodology.
As of 2026-09-16 · point-in-time by filed date
A cluster = ≥2 members of Congress filing a purchase within 90 days. The historical tilt persisted after 2021 but roughly halved (+45 → +32 bp/mo forward 1-month vs the S&P 500 weekly-grid baseline). Descriptive historical tendency — not a signal to trade, and not used in our forecast (audition-log 2026-07-27, recomputed 2026-09-08).
| Member | Chamber | Type | Filed | Traded | Size |
|---|---|---|---|---|---|
| Thad Cochran | Senate | sale | 2017-06-07 | 2017-05-25 | $1–15K |
| Thad Cochran | Senate | sale | 2017-01-12 | 2016-12-14 | $1–15K |
| Thad Cochran | Senate | sale | 2017-01-12 | 2016-12-12 | $1–15K |
| Thad Cochran | Senate | purchase | 2016-07-07 | 2016-06-21 | $1–15K |
| Thad Cochran | Senate | purchase | 2016-07-07 | 2016-06-03 | $1–15K |
| Thomas Macarthur | House | sale | 2016-03-03 | 2016-02-01 | $15–50K |
| Thomas Macarthur | House | purchase | 2016-02-06 | 2016-01-19 | $1–15K |
| Thomas Macarthur | House | sale | 2016-01-06 | 2015-12-16 | $15–50K |
| Thomas Macarthur | House | purchase | 2015-11-03 | 2015-10-02 | $1–15K |
Research tool, not investment advice — historical frequencies, not recommendations. A product of Marovel Technologies LLC. Full terms.