First American Corporation (The) (NYSE:FAF) : Traders are bullish on First American Corporation (The) (NYSE:FAF) as it has outperformed the S&P 500 by a wide margin of 9.48% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.54%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.84% in the last 1 week, and is up 11.25% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 7.76% from its 1 Year high price. On Aug 17, 2015, the shares registered one year high at $43.16 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $38.58 and the 200 Day Moving Average price is recorded at $36.62.
The stock has recorded a 20-day Moving Average of 7.25% and the 50-Day Moving Average is 10.29%.
First American Corporation (The) (NYSE:FAF): stock turned positive on Friday. Though the stock opened at $41.13, the bulls momentum made the stock top out at $41.74 level for the day. The stock recorded a low of $41.08 and closed the trading day at $41.65, in the green by 1.86%. The total traded volume for the day was 989,944. The stock had closed at $40.89 in the previous days trading.
In an insider trading activity, The director officer (Chief Executive Officer), of First American Financial Corp, Gilmore Dennis J had unloaded 65,000 shares at $36.84 per share in a transaction on February 23, 2016. The total value of transaction was $2,394,600. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
First American Financial Corporation (FAF) is a holding company. Through its subsidiaries, the Company is engaged in the business of providing financial services. The Company operates in two segments: Title Insurance and Services segment, and Specialty Insurance segment. The Title Insurance and Services segment issues title insurance policies on residential and commercial property. This segment also provides closing and escrow services; accommodates tax-deferred exchanges of real estate and provides banking, trust and investment advisory services. The Companys specialty insurance segment issues property and casualty insurance policies and sells home warranty products. The property and casualty insurance business provides insurance coverage to residential homeowners and renters for liability losses and typical hazards, such as fire, theft, vandalism and other types of property damage. The Companys subsidiary is First American Title Insurance Company and First American Trust, FSB.