Large Inflow of Money Detected in First American Corporation (The)

First American Corporation (The) (FAF) : The money flow analysis of First American Corporation (The) (FAF) indicates a $1.88 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $5.4 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 2.87 and so was the total money flow at $3.52 million. The bulls lapped up $3.67 million worth of block trades on upticks. The money flow was $3.67 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of First American Corporation (The) (FAF), pushing it down by -0.57% for the day. The stock slid $0.25 and traded at $43.04 during the day. Nonetheless, the stock is 0.43% over the previous weeks close.


Shares of First American Financial Corporation rose by 1.81% in the last five trading days and 4.11% for the last 4 weeks. First American Financial Corporation is up 13.78% in the last 3-month period. Year-to-Date the stock performance stands at 22.42%.

First American Corporation (The) (NYSE:FAF): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.37 and $42.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.35, notching a gain of 0.16% for the day. The total traded volume was 495,059 . The stock had closed at $43.28 on the previous day.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of First American Financial Corp, Oman Mark C had purchased shares worth of $113,616 in a transaction dated on August 18, 2016. A total of 2,700 shares were purchased at a price of $42.08 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

Leave a Reply

Get Pre-Market Alerts!

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