First American Corporation (The) (FAF) : Traders are getting increasingly bearish on First American Corporation (The) (FAF), as can be seen in the addition of short positions from 2,426,266 on Jul 29, 2016, to 2,516,369 on August 15, 2016. The net change in shorts is 90,103 shares, an increase of 3.7%. 4 days remain before the expiry. The 2.4% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 563,227. The short interest information was released on Wednesday Aug 24th after the market close.
First American Corporation (The) (NYSE:FAF): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.61 and $42.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.60, notching a gain of 0.05% for the day. The total traded volume was 446,160 . The stock had closed at $42.58 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.