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FITB’s latest rating updates from top analysts.

Fifth Third Bancorp’s filing revealed that its EVP Garrett Kristine R. unloaded Company’s shares for reported $0.27 million on Apr 23 ’24. In the deal valued at $36.59 per share,7,500 shares were sold. As a result of this transaction, Garrett Kristine R. now holds 70,913 shares worth roughly $2.59 million.

Then, Gibson Kala sold 14,857 shares, generating $540,549 in total proceeds. Upon selling the shares at $36.38, the EVP now owns 46,646 shares.

Before that, Schramm Jude sold 5,000 shares. Fifth Third Bancorp shares valued at $181,900 were divested by the EVP & CIO at a price of $36.38 per share. As a result of the transaction, Schramm Jude now holds 139,422 shares, worth roughly $5.08 million.

Robert W. Baird downgraded its Fifth Third Bancorp [FITB] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Stephens’s analysts, who decreased its forecast for the stock in mid March from “an Overweight” to “an Equal-weight”. Keefe Bruyette also remained covering FITB and has decreased its forecast on January 09, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Raymond James started covering the stock on August 24, 2023. It rated FITB as “a Mkt perform”.

Price Performance Review of FITB

On Tuesday, Fifth Third Bancorp [NASDAQ:FITB] saw its stock fall -1.46% to $36.46. Over the last five days, the stock has lost -1.62%. Fifth Third Bancorp shares have risen nearly 5.71% since the year began. Nevertheless, the stocks have risen 39.16% over the past one year. While a 52-week high of $37.41 was reached on 03/28/24, a 52-week low of $22.46 was recorded on 02/13/24. SMA at 50 days reached $35.58, while 200 days put it at $30.57. A total of 3.06 million shares were traded, compared to the trading of 3.51 million shares in the previous session.

Levels Of Support And Resistance For FITB Stock

The 24-hour chart illustrates a support level at 36.29, which if violated will result in even more drops to 36.12. On the upside, there is a resistance level at 36.77. A further resistance level may holdings at 37.08. The Relative Strength Index (RSI) on the 14-day chart is 54.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.59%. Stochastics %K at 85.87% indicates the stock is a selling.

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