As this happened, Barclays upgraded its Banco Santander S.A. ADR [SAN] rating to an Overweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in mid July with a ‘”an Equal weight”‘ rating. HSBC Securities also remained covering SAN and has decreased its forecast on May 01, 2023 with a “Hold” recommendation from previously “Buy” rating. Exane BNP Paribas revised its rating on March 22, 2023. It rated SAN as “an Outperform” which previously was an “a Neutral”.
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Price Performance Review of SAN
On Tuesday, Banco Santander S.A. ADR [NYSE:SAN] saw its stock fall -0.20% to $5.02. Over the last five days, the stock has gained 0.20%. Banco Santander S.A. ADR shares have risen nearly 21.26% since the year began. Nevertheless, the stocks have risen 37.91% over the past one year. While a 52-week high of $5.27 was reached on 05/17/24, a 52-week low of $3.52 was recorded on 01/29/24. SMA at 50 days reached $4.85, while 200 days put it at $4.66.
Levels Of Support And Resistance For SAN Stock
The 24-hour chart illustrates a support level at 4.99, which if violated will result in even more drops to 4.95. On the upside, there is a resistance level at 5.07. A further resistance level may holdings at 5.11. The Relative Strength Index (RSI) on the 14-day chart is 54.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.96%. Stochastics %K at 59.04% indicates the stock is a holding.
How much short interest is there in Banco Santander S.A. ADR?
A steep rise in short interest was recorded in Banco Santander S.A. ADR stocks on 2024-09-30, dropping by -0.33 million shares to a total of 7.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.39 million shares. There was a decline of -4.68%, which implies that there is a negative sentiment for the stock.
