Fifth Third Bancorp’s recently made public that its EVP & CIO Schramm Jude unloaded Company’s shares for reported $93750.0 on May 01 ’24. In the deal valued at $37.50 per share,2,500 shares were sold. As a result of this transaction, Schramm Jude now holds 136,922 shares worth roughly $5.14 million.
Then, Garrett Kristine R. sold 7,500 shares, generating $274,457 in total proceeds. Upon selling the shares at $36.59, the EVP now owns 70,913 shares.
Before that, Gibson Kala sold 14,857 shares. Fifth Third Bancorp shares valued at $540,549 were divested by the EVP at a price of $36.38 per share. As a result of the transaction, Gibson Kala now holds 46,646 shares, worth roughly $1.75 million.
JP Morgan upgraded its Fifth Third Bancorp [FITB] rating to an Overweight from a a Neutral in a research note published on May 01, 2024; the price target was increased to $39.50 from $37.50. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in early April from “an Outperform” to “a Neutral”. Stephens also remained covering FITB and has decreased its forecast on March 19, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Keefe Bruyette revised its rating on January 09, 2024. It rated FITB as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of FITB
On Friday, Fifth Third Bancorp [NASDAQ:FITB] saw its stock jump 1.82% to $37.56. Over the last five days, the stock has gained 1.79%. Fifth Third Bancorp shares have risen nearly 8.90% since the year began. Nevertheless, the stocks have risen 56.76% over the past one year. While a 52-week high of $37.67 was reached on 05/03/24, a 52-week low of $22.46 was recorded on 02/13/24. SMA at 50 days reached $35.80, while 200 days put it at $30.71. A total of 3.99 million shares were traded, compared to the trading of 5.32 million shares in the previous session.
Levels Of Support And Resistance For FITB Stock
The 24-hour chart illustrates a support level at 37.30, which if violated will result in even more drops to 37.05. On the upside, there is a resistance level at 37.79. A further resistance level may holdings at 38.03. The Relative Strength Index (RSI) on the 14-day chart is 61.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.32%. Stochastics %K at 86.61% indicates the stock is a selling.
The most recent change occurred on August 24, 2023 when Raymond James began covering the stock and recommended ‘”a Mkt perform”‘ rating .
