Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fifth Third Bancorp shares valued at $296,213 were sold by Garrett Kristine R. on Sep 09 ’24. At $41.72 per share, Garrett Kristine R. sold 7,100 shares. The insider’s holdings dropped to 63,813 shares worth approximately $2.72 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Garrett Kristine R. purchased 7,100 shares, netting a total of over 294,153 in proceeds.
Before that, Schramm Jude had sold 20,000 shares from its account. In a trade valued at $840,055, the EVP & CIO traded Fifth Third Bancorp shares for $42.00 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $4.88 million.
As published in a research note from Wolfe Research on May 31, 2024, Fifth Third Bancorp [FITB] has been rated up from a Peer perform to an Outperform and the price target has been revised to $43. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early May. As of April 01, 2024, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for FITB. Earlier on March 19, 2024, Stephens downgraded its rating. Their new recommendation was “an Equal-weight” for FITB stock which previously was a “an Overweight”.
Analyzing FITB Stock Performance
During the last five days, there has been a surge of approximately 2.23%. Over the course of the year, Fifth Third Bancorp shares have jumped approximately 23.72%. Shares of the company reached a 52-week high of $43.85 on 09/19/24 and a 52-week low of $32.29 on 02/13/24. A 50-day SMA is recorded $41.48, while a 200-day SMA reached $37.53. Nevertheless, trading volume fell to 2.94 million shares from 3.9 million shares the previous day.
Support And Resistance Levels for Fifth Third Bancorp (FITB)
According to the 24-hour chart, there is a support level at 42.40, which, if violated, would cause prices to drop to 42.14. In the upper region, resistance lies at 42.93. The next price resistance is at 43.20. RSI (Relative Strength Index) is 55.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 42.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
