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 $7,121,427 were sold by GILMORE DENNIS J on Feb 14 ’25. At $63.60 per share, GILMORE DENNIS J sold 111,971 shares. The insider’s holdings dropped to 494,574 shares worth approximately $32.01 million following the completion of this transaction.
Also, GILMORE DENNIS J purchased 111,971 shares, netting a total of over 7,121,425 in proceeds.
Before that, Adams Steven A had sold 2,337 shares from its account. In a trade valued at $149,012, the VP & Chief Accounting Officer traded First American Financial Corp shares for $63.76 each. Upon closing the transaction, the insider’s holdings decreased to 2,337 shares, worth approximately $0.46 million.
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 surge of approximately 1.94%. Over the course of the year, First American Financial Corp shares have jumped approximately 3.67%. Shares of the company reached a 52-week high of $65.05 on 02/19/25 and a 52-week low of $57.25 on 01/13/25. A 50-day SMA is recorded $63.09, while a 200-day SMA reached $61.32. Nevertheless, trading volume fell to 0.52 million shares from 0.59 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 63.93, which, if violated, would cause prices to drop to 63.13. In the upper region, resistance lies at 65.29. The next price resistance is at 65.85. RSI (Relative Strength Index) is 59.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.63, which suggests the price will decrease in the coming days. Percent R is at 9.26%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
