Banco Santander, S.A., 10% Owner at SOVEREIGN BANCORP INC (SOV), bought 406,300 shares at $8.70 ($3.5M) on 2008-06-12, disclosed to the SEC on 2008-07-23.
Open-market purchase of $3.5M SOV by 10% Owner. Below the thresholds we flag for high-conviction alerts (no C-suite role, rare reversal, cluster, or A-grade history).
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $8.63 | 6,400 | $55K | 1.6% |
| 2 | $8.70 | 399,900 | $3.5M | 98.4% |
| Total | $8.70 avg | 406,300 | $3.5M | 100% |
| Filing → |
| SOV | BUY | 2008-11-13 | $3.7M | — | Filing → |
| SOV | BUY | 2008-07-23 | $3.7M | — | Filing → |
| SOV | BUY | 2008-07-23 | $105K | — | Filing → |