Banco Santander, S.A., 10% Owner at SOVEREIGN BANCORP INC (SOV), bought 1,500,000 shares at $2.50 ($3.7M) on 2008-11-11, disclosed to the SEC on 2008-11-13.
Open-market purchase of $3.7M 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 | $2.48 | 353,514 | $877K | 23.4% |
| 2 | $2.49 | 200,950 | $500K | 13.4% |
| 3 | $2.50 | 945,536 | $2.4M | 63.2% |
| Total | $2.49 avg | 1,500,000 | $3.7M | 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 → |