Santander Sells Massive IBM Stake Amid Market Volatility
Banco Santander S.A., a global financial services company, has reduced its stake in International Business Machines Corporation (IBM).
According to the Securities and Exchange Commission, Banco Santander sold 101,302 shares of IBM during the second quarter, decreasing its holdings by 88.8%.
The sale resulted in a loss of $3,602,000 for Banco Santander, which now owns approximately 12,809 shares of IBM stock.