Fifth District Bancorp Trades Off Highs After Small Insider Sale Draws Attention
Fifth District Bancorp Inc. shares slipped Tuesday, ticking down 5 cents to $15.07 in afternoon trading. The stock opened at $15.21 in light trading after the holiday, with just 15,083 shares changing hands. Fifth District, based in New Orleans, had a market cap near $79.3 million. Timing, not size, made the move stand out. U.S. stocks were closed Monday for Memorial Day and reopened Tuesday, so investors only had a few days this week to trade small banks near their recent highs.