Traders Purchase Large Volume of Put Options on Banco Santander, (SAN)
Banco Santander, (NYSE:SAN) was the recipient of unusually large options trading activity on Wednesday. Investors acquired 815 put options on the company, AnalystRatings.Net reports. This is an increase of 101% compared to the typical volume of 406 put options.
Separately, analysts at RBC Capital upgraded shares of Banco Santander, from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, June 18th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock currently has a consensus rating of “Hold”.
Banco Santander, (NYSE:SAN) traded up 0.41% on Wednesday, hitting $9.69. 5,280,377 shares of the company’s stock traded hands. Banco Santander, has a one year low of $7.07 and a one year high of $10.75. The stock’s 50-day moving average is $10.08 and its 200-day moving average is $9.71. The company has a market cap of $115.4 billion and a price-to-earnings ratio of 17.05.
Banco Santander, SA (NYSE:SAN)is a financial group operating principally in Spain, the United Kingdom, Portugal, other European countries, Brazil and other Latin American countries and the United States, offering a range of financial products.
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