In a filing, Fifth Third Bancorp revealed 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 $8.33 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 $1.65 million.
Robert W. Baird upgraded its Fifth Third Bancorp [FITB] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in late May from “a Peer perform” to “an Outperform”. JP Morgan also remained covering FITB and has increased its forecast on May 01, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Robert W. Baird revised its rating on April 01, 2024. It rated FITB as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of FITB
On Monday, Fifth Third Bancorp [NASDAQ:FITB] saw its stock jump 0.95% to $34.07. Over the last five days, the stock has lost -13.09%. Fifth Third Bancorp shares have fallen nearly -19.42% since the year began. Nevertheless, the stocks have fallen -3.43% over the past one year. While a 52-week high of $49.07 was reached on 01/29/25, a 52-week low of $32.75 was recorded on 04/07/25. SMA at 50 days reached $41.30, while 200 days put it at $42.20.
Levels Of Support And Resistance For FITB Stock
The 24-hour chart illustrates a support level at 32.38, which if violated will result in even more drops to 30.69. On the upside, there is a resistance level at 35.63. A further resistance level may holdings at 37.19. The Relative Strength Index (RSI) on the 14-day chart is 25.22, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.81%. Stochastics %K at 11.91% 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 2025-03-14, dropping by -2.24 million shares to a total of 24.43 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 26.66 million shares. There was a decline of -9.16%, which implies that there is a negative sentiment for the stock.
