Movers: SLM, MBIA, Morgan Stanely, Palm, Take-Two, Darden

Stocks in the news Wednesday

SLM Corp. (SLM) skidded 16% to a new 52-week low after CEO Albert Lord holds conference call to discuss SLM's strategy following last week's failed buyout by J.C. Flowers. Lord mentioned a possible dividend cut to strengthen its balance sheet, but provided little detail regarding the securitization environment. Friedman Billings reportedly downgrades to market perform.

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