Santander-Chile Stock Soars 24.05% on Pre-Market Trading

On May 7, 2025, Santander-Chile's stock surged by 24.05% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

Banco Santander Chile's stock has shown a mixed performance in recent weeks. While it has gained on three consecutive days, including a 0.96% increase on the last trading day, it has also experienced a 2.74% loss over the past two weeks. This volatility reflects the stock's position within a wide and weak rising trend in the short term, with technical indicators suggesting a potential 8.99% rise over the next three months.

Analysts have issued both buy and sell signals for Banco Santander Chile. The stock holds buy signals from both short and long-term moving averages, indicating a positive forecast. However, a sell signal was issued from a pivot top point on April 22, 2025, suggesting further potential decline until a new bottom pivot is found. Support levels are identified at $23.99 and $23.27, with a recommended stop-loss at $23.10.

Bank of America recently lowered its rating for Banco Santander-Chile from "neutral" to "underperform," setting a price target of $24.00. This downgrade, along with the stock's recent volatility, has added to the uncertainty surrounding its near-term performance. Despite this, the stock has been included in lists of top growth and income stocks, indicating ongoing interest from investors.