Santander Consumer USA Holdings (SC) has risen sharply, recording gains of 16.06% in the past 4 weeks. However, the stock has corrected -0.75% 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 8.72% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Santander Consumer USA Holdings (NYSE:SC): The stock opened at $11.94 on Friday but the bulls could not build on the opening and the stock topped out at $11.94 for the day. The stock traded down to $11.69 during the day, due to lack of any buying support eventually closed down at $11.85 with a loss of -1.09% for the day. The stock had closed at $11.98 on the previous day. The total traded volume was 1,042,486 shares.
The stock has recorded a 20-day Moving Average of 9.02% and the 50-Day Moving Average is 3.8%. Santander Consumer USA Holdings Inc. is up 0.68% in the last 3-month period. Year-to-Date the stock performance stands at -25.24%.
Santander Consumer USA Holdings Inc. is a holding company. The Company is a specialized consumer finance company focused on vehicle finance and unsecured consumer lending products. The Company offers various auto financing products and services to Chrysler customers and dealers under the Chrysler Capital brand. These products and services include consumer retail installment contracts and leases, as well as dealer loans for inventory, construction, real estate, working capital and revolving lines of credit. The Company also originates vehicle loans through a Web-based direct lending program, purchases vehicle retail installment contracts and services automobile and recreational and marine vehicle portfolios for other lenders. Its products and services include vehicle finance, and origination and servicing.