The Education Department will transfer some student loan borrowers to a different servicer. Here's what you need to know [CNBC]
Nelnet, Inc. (NNI)
US:NYSE Investor Relations:
nelnet.com/investors
Company Research
Source: CNBC
Department of Education said it will soon transfer some student loan borrowers to different servicers. Here's what you should know about the change. Change impacts Mohela borrowers The Education Department began transferring a portion of Mohela's borrowers this week to different companies, it said in an April 29 blog post More than 1 million borrowers may be impacted. “A different servicer will begin managing these loans and assisting these borrowers,” the department said. The Education Department contracts with different companies to service its federal student loans, including Mohela, Nelnet and EdFinancial . It pays the servicers more than $1 billion a year to do so, according to higher education expert Mark Kantrowitz. Why the transfer is happening Mohela requested the transfers, the Education Department said, but the company has also been a magnet for controversy of late. At the end of October 2023, the government accused the servicer of failing to send timely b
Show less
Read more
Impact Snapshot
Event Time:
NNI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NNI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NNI alerts
High impacting Nelnet, Inc. news events
Weekly update
A roundup of the hottest topics
NNI
News
- Nelnet, Inc. (NYSE: NNI) had its price target raised by analysts at TD Cowen from $90.00 to $96.00. They now have a "hold" rating on the stock.MarketBeat
- Nelnet, Inc. (NYSE: NNI) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Nelnet First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Why NelNet Stock Is Popping Higher Today [Yahoo! Finance]Yahoo! Finance
- Most Shareholders Will Probably Find That The Compensation For Nelnet, Inc.'s (NYSE:NNI) CEO Is Reasonable [Yahoo! Finance]Yahoo! Finance
NNI
Earnings
- 5/9/24 - Beat
NNI
Sec Filings
- 5/9/24 - Form 10-Q
- 5/9/24 - Form 8-K
- 5/6/24 - Form DEFA14A
- NNI's page on the SEC website