Shares of Fifth Third Bancorp (FITB) Sees Large Outflow of Money

Fifth Third Bancorp (FITB) : The total money flow in Fifth Third Bancorp (FITB) was negative ($1.15 million), showing the domination of sellers in the Thursday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $1.48 million. Transactions on upticks were comparatively lower at $0.34 million. The uptick to downtick ratio was 0.23. The total block trades on downticks were valued at $1.11 million. The money flow during block trades was negative ($1.11 million) when the stock traded with a gain of $20 cent. Fifth Third Bancorp (FITB) was $16.97, an increase of 1.19% over the previous days close.


Fifth Third Bancorp (FITB) : 18 investment research analysts covering Fifth Third Bancorp (FITB) have an average price target of $19.75 for the near short term. The highest target price given by the Brokerage Firm to the stock is $22 and the lowest target is $17 for the short term. Analysts expect the variance to be within $1.2 of the average price. The stock has recorded a 20-day Moving Average of 4.46% and the 50-Day Moving Average is 5.61%.

Fifth Third Bancorp (NASDAQ:FITB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.01 and $16.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.95, notching a gain of 1.07% for the day. The total traded volume was 4,655,094 . The stock had closed at $16.77 on the previous day.

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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