Is Banco Santander, S.A. (SAN) a Sell? The Stock Reaches Yearly Low Today

May 16, 2018 - By Nellie Hooten

Banco Santander, S.A. (NYSE:SAN) Logo

The stock of Banco Santander, S.A. (NYSE:SAN) hit a new 52-week low and has $5.88 target or 7.00 % below today’s $6.32 share price. The 5 months bearish chart indicates high risk for the $102.34 billion company. The 1-year low was reported on May, 16 by If the $5.88 price target is reached, the company will be worth $7.16 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.47% or $0.16 during the last trading session, reaching $6.32. About 8.48M shares traded or 20.94% up from the average. Banco Santander, S.A. (NYSE:SAN) has risen 7.36% since May 16, 2017 and is uptrending. It has underperformed by 4.19% the S&P500.

Another recent and important Banco Santander, S.A. (NYSE:SAN) news was published by which published an article titled: “European earnings roundup: SAN, SAP” on April 24, 2018.

Banco Santander, S.A., together with its subsidiaries, provides various retail and commercial banking services and products for individual and corporate clients worldwide. The company has market cap of $102.34 billion. The firm offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages and auto finance, personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products. It has a 12.74 P/E ratio. It also provides cash management, trade finance, custody and securities, and securitization services; corporate loans; capital market products; and syndicated corporate finance services.

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