Banco Santander S.A. (SAN) has risen sharply, recording gains of 5.9% in the past 4 weeks. However, the stock has corrected -2.59% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.33% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Banco Santander S.A. (NYSE:SAN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.07 and $4.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.13, notching a gain of 2.74% for the day. The total traded volume was 5,539,839 . The stock had closed at $4.02 on the previous day.
The stock has recorded a 20-day Moving Average of 0.9% and the 50-Day Moving Average is 1.49%. Banco Santander, S.A. has dropped 9.66% during the last 3-month period . Year-to-Date the stock performance stands at -11.84%.
Banco Santander, S.A. is a Spain-based banking company. The Banks business segments include Retail Banking, which includes customer banking businesses; Global Wholesale Banking (GBM), which includes global corporate banking, investment banking and markets; Private Banking, Asset Management and Insurance, which include design and management of mutual and pension funds and insurance, and Spains run-off real estate, which includes loans to customers in Spain. It has operations in Continental Europe, which includes retail banking business, wholesale banking, and private banking and asset management and insurance, as well as the unit of Runoff Real Estate Activity in Spain; the United Kingdom, which include retail and wholesale banking, and private banking asset management and insurance; Latin America, which include financial activities conducted through its subsidiary banks and subsidiaries, and United States, which include the businesses of Santander Bank and Santander Puerto Rico.