Santander Consumer USA Holdings (SC) Shares are Up 2.1%

Santander Consumer USA Holdings (SC) has been under a strong bear grip, hence the stock is down -1.8% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.93% in the past 1 week. The stock has risen by 2.1% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.33% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 3.16% and the 50-Day Moving Average is 4.4%.The 200 Day SMA reached 4.44%


Santander Consumer USA Holdings (NYSE:SC): After opening at $11.99, the stock dipped to an intraday low of $11.91 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $12.23 and the buying power remained strong till the end. The stock closed at $12.16 for the day, a gain of 2.27% for the day session. The total traded volume was 1,243,647. The stocks close on the previous trading day was $12.16.

Santander Consumer USA Holdings (SC) : 9 investment research analysts covering Santander Consumer USA Holdings (SC) have an average price target of $13.28 for the near short term. The highest target price given by the Brokerage Firm to the stock is $17 and the lowest target is $10 for the short term. Analysts expect the variance to be within $2.28 of the average price.

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.

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