FNF Group of Fidelity National Financial Inc. (FNF) Moves Higher on Volume Spike for December 06

Equities Staff  |

FNF Group of Fidelity National Financial Inc. (FNF) traded on unusually high volume on Dec. 06, as the stock gained 1.32% to close at $33.13. On the day, FNF Group of Fidelity National Financial Inc. saw 2.41 million shares trade hands on 18,786 trades. Considering that the stock averages only a daily volume of 1.45 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $42.52 and $31.14 over the last 52-weeks, its 50-day SMA is now $34.87, and its 200-day SMA $37.51. FNF Group of Fidelity National Financial Inc. has a P/B ratio of 1.98. It also has a P/E ratio of 15.8.

Fidelity National Financial has two business groups: FNF Core Operations and FNF Ventures. Core Operations provides title insurance, escrow, and other title-related services. It also provides technology and transaction services to the real estate and mortgage industries. FNF Ventures invests in other companies. It has a majority interest in ABRH, a restaurant company that operates restaurants such as Bakers Square and Village Inn. Title insurance premiums comprise close to half of Fidelity's total revenue, and the remaining Core Operations business comprises more than one third of total company revenue. Almost all remaining revenue is from restaurant sales via FNF Ventures' investments. Substantially all of the company's revenue is generated in the United States.

Headquartered in Jacksonville, FL, FNF Group of Fidelity National Financial Inc. has 24,367 employees and is currently under the leadership of CEO Raymond R. Quirk.

For a complete fundamental analysis analysis of FNF Group of Fidelity National Financial Inc., check out Equities.com’s Stock Valuation Analysis report for FNF.

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To get more information on FNF Group of Fidelity National Financial Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: FNF’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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