Fifth Third Bancorp’s filing revealed that its EVP and Chief Risk Officer Shaffer Robert P unloaded 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 sold. As a result of this transaction, Shaffer Robert P now holds 169,922 shares worth roughly $7.65 million.
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, Shaffer Robert P bought 25,000 shares, generating $1,216,194 in total proceeds.
Before that, Garrett Kristine R. sold 7,500 shares. Fifth Third Bancorp shares valued at $327,526 were divested by the EVP at a price of $43.67 per share. As a result of the transaction, Garrett Kristine R. now holds 55,913 shares, worth roughly $2.52 million.
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 Tuesday, Fifth Third Bancorp [NASDAQ:FITB] saw its stock fall -1.23% to $45.05. Over the last five days, the stock has lost -2.89%. Fifth Third Bancorp shares have risen nearly 30.62% since the year began. Nevertheless, the stocks have risen 28.60% over the past one year. While a 52-week high of $49.07 was reached on 11/25/24, a 52-week low of $32.29 was recorded on 02/13/24. SMA at 50 days reached $45.54, while 200 days put it at $40.23.
Levels Of Support And Resistance For FITB Stock
The 24-hour chart illustrates a support level at 44.65, which if violated will result in even more drops to 44.24. On the upside, there is a resistance level at 45.52. A further resistance level may holdings at 45.98. The Relative Strength Index (RSI) on the 14-day chart is 38.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.85%. Stochastics %K at 12.17% indicates the stock is a buying.
How much short interest is there in Fifth Third Bancorp?
A steep rise in short interest was recorded in Fifth Third Bancorp stocks on 2024-11-29, dropping by -3.05 million shares to a total of 20.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 23.05 million shares. There was a decline of -15.24%, which implies that there is a negative sentiment for the stock.
