First American Financial Corp’s filing revealed that its VP & Chief Accounting Officer Adams Steven A unloaded Company’s shares for reported $0.15 million on Oct 29 ’24. In the deal valued at $63.76 per share,2,337 shares were sold. As a result of this transaction, Adams Steven A now holds 7,113 shares worth roughly $0.49 million.
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Then, Adams Steven A bought 2,337 shares, generating $149,012 in total proceeds.
Keefe Bruyette upgraded its First American Financial Corp [FAF] rating to an Outperform from a a Mkt perform in a research note published on March 21, 2024; the price target was increased to $69 from $66. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in early January with a ‘”a Buy”‘ rating. Barclays began covering FAF with “an Equal weight” recommendation on November 15, 2023.
Price Performance Review of FAF
On Tuesday, First American Financial Corp [NYSE:FAF] saw its stock fall -0.53% to $69.25. Over the last five days, the stock has gained 4.53%. First American Financial Corp shares have risen nearly 7.46% since the year began. Nevertheless, the stocks have risen 17.95% over the past one year. While a 52-week high of $70.92 was reached on 11/25/24, a 52-week low of $51.60 was recorded on 04/25/24. SMA at 50 days reached $65.02, while 200 days put it at $59.56.
Levels Of Support And Resistance For FAF Stock
The 24-hour chart illustrates a support level at 68.66, which if violated will result in even more drops to 68.07. On the upside, there is a resistance level at 69.62. A further resistance level may holdings at 69.99. The Relative Strength Index (RSI) on the 14-day chart is 72.27, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.37%. Stochastics %K at 89.39% indicates the stock is a selling.
How much short interest is there in First American Financial Corp?
A steep rise in short interest was recorded in First American Financial Corp stocks on 2024-11-15, growing by 0.21 million shares to a total of 1.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.08 million shares. There was a rise of 16.47%, which implies that there is a positive sentiment for the stock.
