Fifth Third Bancorp’s recent filing unveils that its Officer Shaffer Robert P acquired Company’s shares for reported $1.22 million on Nov 25 ’24. In the deal valued at $48.65 per share,25,000 shares were bought.
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
Then, Garrett Kristine R. sold 7,500 shares, generating $327,526 in total proceeds. Upon selling the shares at $43.67, the EVP now owns 55,913 shares.
Before that, Garrett Kristine R. bought 7,500 shares. Fifth Third Bancorp shares valued at $333,975 were divested by the Officer at a price of $44.53 per share.
Wolfe Research upgraded its Fifth Third Bancorp [FITB] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “an Overweight”. Robert W. Baird also remained covering FITB and has decreased its forecast on April 01, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. Stephens revised its rating on March 19, 2024. It rated FITB as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of FITB
On Monday, Fifth Third Bancorp [NASDAQ:FITB] saw its stock jump 1.13% to $48.44. Over the last five days, the stock has gained 3.46%. Fifth Third Bancorp shares have risen nearly 40.45% since the year began. Nevertheless, the stocks have risen 77.76% over the past one year. While a 52-week high of $48.10 was reached on 11/25/24, a 52-week low of $26.89 was recorded on 02/13/24. SMA at 50 days reached $44.29, while 200 days put it at $39.26.
Levels Of Support And Resistance For FITB Stock
The 24-hour chart illustrates a support level at 48.18, which if violated will result in even more drops to 47.91. On the upside, there is a resistance level at 48.89. A further resistance level may holdings at 49.33. The Relative Strength Index (RSI) on the 14-day chart is 69.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.75%. Stochastics %K at 87.54% indicates the stock is a selling.
How much short interest is there in Fifth Third Bancorp?
A steep rise in short interest was recorded in Fifth Third Bancorp stocks on 2024-10-31, growing by 2.29 million shares to a total of 23.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 20.76 million shares. There was a rise of 9.94%, which implies that there is a positive sentiment for the stock.
