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Stock impact report

Bloomberg: AFL-CIO accuses Navient of inside trading [Seeking Alpha]

SLM CORP MEDIUM TERM NO (ISM) 
Company Research Source: Seeking Alpha
Bloomberg: AFL-CIO accuses Navient of inside tradingLabor union AFL-CIO asks federal security regulators to investigate Navient (NASDAQ:NAVI) for insider trading,Bloomberg reports.The accusation targets trades made before the Labor Day weekend that preceded the public release of a Department of Education letter to a consumer bureau saying the DOE wouldn’t provide any more information for policing student loan debt.AFL-CIO calls out three big purchases of Navient stock the day before the letter went public, which amounted to over 872K shares or about 24% of that day’s trading volume.AFL-CIO unions own Navient stock through pension funds.Navient shares areup 1.68%.Previously:Navient plunges after subprime loan lawsuit (update) (Oct. 5)Now read:Valuation Dashboard: Financials And Real Estate - Update » Show less Read more
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