First American Corporation (The) (FAF) : Traders are bullish on First American Corporation (The) (FAF) as it has outperformed the S&P 500 by a margin of 2.3% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.76%, 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 2.39% in the last 1 week, and is up 9.21% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
First American Corporation (The) (NYSE:FAF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.94 and $41.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.44, notching a gain of 1.73% for the day. The total traded volume was 888,146 . The stock had closed at $41.72 on the previous day.
The stock has recorded a 20-day Moving Average of 4.58% and the 50-Day Moving Average is 9.4%. First American Financial Corporation is up 18.93% in the last 3-month period. Year-to-Date the stock performance stands at 19.85%.
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.