Fidelity National Financial Announces New Stock Repurchase Program

On July 17, Fidelity National Financial, Inc. (FNF) announced that the company’s Board of Directors approved a new stock repurchase program. The new repurchase program replaces the previous stock repurchase program, which expires on July 31. The company repurchased a total of 10.6 million shares of stock with the previous program. The new stock repurchase program allows Fidelity to repurchase up to 25 million common shares and is effective until July 31, 2021.

Sonal detected the event and issued an alert to subscribers at 4:19 pm. The next trade took place for $37.53 at 6:57 pm. The stock opened the next morning for regular market trading at $37.60. The stock closed at $39.42 on the event day and continued its gains over the next five trading sessions. Fidelity closed at $40.76 on July 25 for a gain of 8.6%.

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