Santander Consumer $SC Stock Paul Singer Takes Position

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Paul Singer, the billionaire, took a position in SC stock last quarter according to SEC filings. The long position was valued at $530 million as of September 29, 2021.

There isn’t any news surrounding SC stock so Paul Singer must know something the public doesn’t.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now. Although SC has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on when SC stock is a good entry.

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