Banco Santander, S.A., 10% Owner at SOVEREIGN BANCORP INC (SOV), bought 2,788,486 shares at $2.22 ($6.5M) on 2008-11-12, disclosed to the SEC on 2008-11-14.
Open-market purchase of $6.5M 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 | $2.22 | 72,369 | $161K | 2.5% |
| 2 | $2.23 | 227,631 | $508K | 7.8% |
| 3 | $2.25 | 37,330 | $84K | 1.3% |
| 4 | $2.26 | 451,156 | $1.0M | 15.7% |
| 5 | $2.30 | 100,000 | $230K | 3.5% |
| 6 | $2.31 | 145,829 |
| $337K |
| 5.2% |
| 7 | $2.32 | 220,427 | $511K | 7.9% |
| 8 | $2.33 | 219,733 | $512K | 7.9% |
| 9 | $2.34 | 114,011 | $267K | 4.1% |
| 10 | $2.36 | 221,195 | $522K | 8.0% |
| 11 | $2.37 | 99,909 | $237K | 3.6% |
| 12 | $2.38 | 313,809 | $747K | 11.5% |
| 13 | $2.39 | 208,342 | $498K | 7.7% |
| 14 | $2.40 | 106,745 | $256K | 3.9% |
| 15 | $2.43 | 25,705 | $62K | 1.0% |
| 16 | $2.45 | 224,295 | $550K | 8.5% |
| Total | $2.33 avg | 2,788,486 | $6.5M | 100% |
| Filing → |
| SOV | BUY | 2008-07-23 | $3.7M | — | Filing → |
| SOV | BUY | 2008-07-23 | $105K | — | Filing → |
| SOV | BUY | 2008-07-23 | $4.3M | — | Filing → |