Fifth Third Bancorp’s recent filing unveils that its EVP & Chief Operating Officer Leonard James C. unloaded Company’s shares for reported $0.76 million on Feb 19 ’25. In the deal valued at $44.26 per share,17,200 shares were sold. As a result of this transaction, Leonard James C. now holds 244,487 shares worth roughly $9.84 million.
Then, Lavender Kevin P sold 21,700 shares, generating $945,100 in total proceeds. Upon selling the shares at $43.55, the EVP now owns 130,856 shares.
Before that, Gibson Kala sold 8,998 shares. Fifth Third Bancorp shares valued at $392,712 were divested by the EVP at a price of $43.64 per share. As a result of the transaction, Gibson Kala now holds 48,513 shares, worth roughly $1.95 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 Monday, Fifth Third Bancorp [NASDAQ:FITB] saw its stock jump 1.95% to $40.25. Over the last five days, the stock has gained 3.23%. Fifth Third Bancorp shares have fallen nearly -4.80% since the year began. Nevertheless, the stocks have risen 9.94% over the past one year. While a 52-week high of $49.07 was reached on 01/29/25, a 52-week low of $33.82 was recorded on 03/13/25. SMA at 50 days reached $42.38, while 200 days put it at $42.10.
Levels Of Support And Resistance For FITB Stock
The 24-hour chart illustrates a support level at 39.82, which if violated will result in even more drops to 39.38. On the upside, there is a resistance level at 40.53. A further resistance level may holdings at 40.82. The Relative Strength Index (RSI) on the 14-day chart is 46.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.45%. Stochastics %K at 44.39% indicates the stock is a holding.
How much short interest is there in Fifth Third Bancorp?
A steep rise in short interest was recorded in Fifth Third Bancorp stocks on 2025-02-28, growing by 1.05 million shares to a total of 26.03 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 24.98 million shares. There was a rise of 4.04%, which implies that there is a positive sentiment for the stock.
