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Insider Selling in Fifth Third Bancorp (FITB) Shares Continues

05/10/2021 18:25

10:20 PM EDT, 05/10/2021 (MT Newswires) -- There was a substantial insider sale of Fifth Third Bancorp shares today, as disclosed in a filing with the SEC as -- Lars C Anderson, Officer -- disposed of 25,000 shares in the company having a market value of approximately $1,032,565 There have been 7 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 166,167 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 191,167 shares and have averaged 23,896 shares per transaction over this time period.

The level of buy/sell trading at Fifth Third Bancorp is is greater than the 212 peer company average over the last 90-day period. The Corporate Banks peer group saw 309 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Fifth Third Bancorp insiders was also higher. Within the peer group there were 309,611 shares purchased and 1,820,490 shares sold with company insiders selling 4,890 shares on average.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to compose and write this story.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.