A Fifth Third director spent more than a million dollars to buy the bank's shares after a dip, but then they dipped even further.
A Fifth Third Bancorp board member spent more than a million dollars to buy the Cincinnati-based banking services company’s shares on the cheap, but then they got even cheaper as concerns over the banking sector’s health kept growing.
According... A Fifth Third Bancorp board member spent more than a million dollars to buy the Cincinnati-based banking services company’s shares on the cheap, but then they got even cheaper as concerns over the banking sector’s health kept growing. According to a Form 4 filing with the Securities and Exchange Commission late Tuesday, Heminger bought the Fifth Third FITB stock at an average price of $26.823, which was 11.7% below Friday’s close. The stock closed Monday down 13.6% at $26.25, the lowest closing price since December 2020, amid a broad and sharp selloff in the regional bank sector.
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