Taking this into account, 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 -2.80% to $4.86. Over the last five days, the stock has lost -3.19%. Banco Santander S.A. ADR shares have risen nearly 17.39% since the year began. Nevertheless, the stocks have risen 34.63% over the past one year. While a 52-week high of $5.27 was reached on 05/17/24, a 52-week low of $3.60 was recorded on 01/29/24. SMA at 50 days reached $4.94, while 200 days put it at $4.70.
Levels Of Support And Resistance For SAN Stock
The 24-hour chart illustrates a support level at 4.83, which if violated will result in even more drops to 4.79. On the upside, there is a resistance level at 4.90. A further resistance level may holdings at 4.93. The Relative Strength Index (RSI) on the 14-day chart is 42.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.00%. Stochastics %K at 22.18% 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 2024-10-15, dropping by -0.99 million shares to a total of 7.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.9 million shares. There was a decline of -12.45%, which implies that there is a negative sentiment for the stock.
