Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. First American Financial Corp shares valued at $149,012 were sold by Adams Steven A on Oct 29 ’24. At $63.76 per share, Adams Steven A sold 2,337 shares. The insider’s holdings dropped to 7,113 shares worth approximately $0.44 million following the completion of this transaction.
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Also, Adams Steven A purchased 2,337 shares, netting a total of over 149,012 in proceeds.
As published in a research note from Keefe Bruyette on December 10, 2024, First American Financial Corp [FAF] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $80. Analysts at Keefe Bruyette upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late March. As of January 10, 2024, Deutsche Bank has initiated its “Buy” rating for FAF. Earlier on November 15, 2023, Barclays initiated its rating. Their recommendation was “an Equal weight” for FAF stock.
Analyzing FAF Stock Performance
During the last five days, there has been a drop of approximately -5.14%. Over the course of the year, First American Financial Corp shares have dropped approximately -3.57%. Shares of the company reached a 52-week high of $70.92 on 11/29/24 and a 52-week low of $51.60 on 04/25/24. A 50-day SMA is recorded $65.67, while a 200-day SMA reached $60.25. Nevertheless, trading volume fell to 0.72 million shares from 0.54 million shares the previous day.
Support And Resistance Levels for First American Financial Corp (FAF)
According to the 24-hour chart, there is a support level at 60.94, which, if violated, would cause prices to drop to 59.73. In the upper region, resistance lies at 64.50. The next price resistance is at 66.85. RSI (Relative Strength Index) is 29.41 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.73, which suggests the price will decrease in the coming days. Percent R is at 99.43%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
