Shares of Fifth Third Bancorp (FITB) Rally 7.48%

Fifth Third Bancorp (FITB) has been under a strong bear grip, hence the stock is down -2.45% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 5.9% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.48% in the last 1 week, and is up 1.81% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 5.59% and the 50-Day Moving Average is 3.7%.

Fifth Third Bancorp (NASDAQ:FITB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.59 and $18.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.54, notching a gain of 0.54% for the day. The total traded volume was 7,696,580 . The stock had closed at $18.44 on the previous day.


The company Insiders own 0.99% of Fifth Third Bancorp shares according to the proxy statements. Institutional Investors own 81.91% of Fifth Third Bancorp shares. In a related news, Forrest Frank R., officer (EVP & Chief Risk & Credit Off) of Fifth Third Bancorp, unloaded 6,702 shares at an average price of $20.47 on November 24, 2015. The total amount of the transaction was worth $137,190, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Fifth Third Bancorp is a bank holding company. The Companys subsidiary, Fifth Third Bank, provide a range of financial products and services to the retail, commercial, financial, governmental, educational and medical sectors, and credit products, such as credit cards, installment loans, mortgage loans and leases. The Company operates in four business segments: Commercial Banking, Branch Banking, Consumer Lending and Investment Advisors. Commercial Banking offers credit intermediation, cash management and financial services to market businesses and Government, and professional customers. Branch Banking provides a range of deposit and loan and lease products to individuals and businesses through approximately 1,302 Banking Centers. Consumer Lending includes its mortgage, home equity, automobile and other indirect lending activities. Investment Advisors provides a range of investment alternatives for individuals, companies and not-for-profit organizations.

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