Shares of Fidelity National Financial (NYSE:FNF) Sees Large Outflow of Money

Fidelity National Financial (NYSE:FNF) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($9.66 million) and the uptick to downtick ratio was 0.43. The transaction value on upticks was $7.3 million and on downticks, the transaction value was $16.96 million. In block trades, the transaction value of inflow done during uptick was $0.52 million. The transaction value of block trades during downticks was $10.19 million. The uptick to downtick block trade ratio was 0.05. The money flow was negative ($9.67 million), indicating the traders were booking profit on the price strength. Fidelity National Financial (NYSE:FNF) rose $0.93 at $36.65, during intraday Wednesday , a rise of 2.6% over the previous days close.


In an insider trading activity,The officer (Chief Operating Officer) of Fidelity National Financial, Inc., Jewkes Roger S sold 44,698 shares at $35.43 on June 23, 2016. The Insider selling transaction had a total value worth of $1,583,650. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 5% of Fidelity National Financial shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -17.28% . Institutional Investors own 84.13% of Fidelity National Financial shares. During last six month period, the net percent change held by insiders has seen a change of -17.03%.

The company shares have dropped -4.64% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $40.25 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $34.54 and the 200 Day Moving Average price is recorded at $33.11. Fidelity National Financial (NYSE:FNF): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.95 and $35.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.65, notching a gain of 2.60% for the day. The total traded volume was 1,427,817 . The stock had closed at $35.72 on the previous day.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.