C. Bryan Daniels, Director at Fifth Third Bancorp (NASDAQ:FITB), reported a large insider buy on November 1, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Daniels purchased 64,500 shares of Fifth Third Bancorp. The total transaction amounted to $1,503,495.
Fifth Third Bancorp shares are trading up 3.47% at $24.47 at the time of this writing on Thursday morning.
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The Importance of Insider Transactions
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any ...