Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fifth Third Bancorp shares valued at $327,526 were sold by Garrett Kristine R. on Oct 28 ’24. At $43.67 per share, Garrett Kristine R. sold 7,500 shares. The insider’s holdings dropped to 55,913 shares worth approximately $2.63 million following the completion of this transaction.
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Also, Garrett Kristine R. purchased 7,500 shares, netting a total of over 333,975 in proceeds.
Before that, Garrett Kristine R. had sold 7,100 shares from its account. In a trade valued at $296,213, the EVP traded Fifth Third Bancorp shares for $41.72 each. Upon closing the transaction, the insider’s holdings decreased to 7,100 shares, worth approximately $3.01 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 drop of approximately -0.30%. Over the course of the year, Fifth Third Bancorp shares have jumped approximately 36.62%. Shares of the company reached a 52-week high of $48.10 on 11/13/24 and a 52-week low of $32.29 on 02/13/24. A 50-day SMA is recorded $44.05, while a 200-day SMA reached $39.12. Nevertheless, trading volume fell to 3.51 million shares from 3.33 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 46.39, which, if violated, would cause prices to drop to 45.66. In the upper region, resistance lies at 47.70. The next price resistance is at 48.29. RSI (Relative Strength Index) is 63.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.37, which suggests the price will decrease in the coming days. Percent R is at 17.82%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
