The Attractiveness of Investing In News Corporation (NWSA) is Growing


In a filing, News Corporation revealed its General Counsel Pitofsky David B unloaded Company’s shares for reported $1.54 million on Aug 15. In the deal valued at $18.73 per share,82,028 shares were sold. As a result of this transaction, Pitofsky David B now holds 87,706 shares worth roughly $ 1.47 million.

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Loop Capital downgraded its News Corporation [NWSA] rating to a Hold from a a Buy in a research note published on October 17, 2022; the price target was decreased to $17 from $30. A number of analysts have revised their coverage, including Macquarie’s analysts, who decreased its forecast for the stock in late July from “an Outperform” to “a Neutral”. UBS also remained covering NWSA and has increased its forecast on July 26, 2021 with a “Buy” recommendation from previously “Neutral” rating. UBS revised its rating on June 01, 2021. It rated NWSA as “a Neutral” which previously was an “a Buy”.

Price Performance Review of NWSA

On Monday, News Corporation [NASDAQ:NWSA] saw its stock jump 0.24% to $16.72. Over the last five days, the stock has lost -0.89%. News Corporation shares have fallen nearly -25.06% since the year began. Nevertheless, the stocks have fallen -31.39% over the past one year. While a 52-week high of $25.86 was reached on 02/04/22, a 52-week low of $14.87 was recorded on 09/29/22. SMA at 50 days reached $16.37, while 200 days put it at $18.48. A total of 3.79 million shares were traded, compared to the trading of 3.18 million shares in the previous session.

Levels Of Support And Resistance For NWSA Stock

The 24-hour chart illustrates a support level at 16.44, which if violated will result in even more drops to 16.17. On the upside, there is a resistance level at 16.95. A further resistance level may holdings at 17.18. The Relative Strength Index (RSI) on the 14-day chart is 53.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.80%. Stochastics %K at 44.33% indicates the stock is a holding.

How much short interest is there in News Corporation?

A steep rise in short interest was recorded in News Corporation stocks on Jul 14, 2022, dropping by -0.57 million shares to a total of 5.17 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 5.74 million shares. There was a decline of -11.03%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.34% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.67.

News Corporation [NWSA] – Who Are The Largest Shareholders?

In filings from T. Rowe Price Associates, Inc., it is revealed that the company now owns 68,865,667 shares, or roughly 17.86% of the outstanding NWSA shares. In other words, the investor’s shares have risen by 823,000 from its previous 13-F filing of 68042667.0. Additionally, The Vanguard Group, Inc. increased 1.40% of its stake after which the total value it holdings stand at $804,894,514, while Independent Franchise Partners LL reduced -3.38% of its stake to hold $424.57 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 483,977 shares of News Corporation, while SSgA Funds Management, Inc. bought -1,374,023 shares. At present, Yacktman Asset Management LP is holding 16,452,794 shares valued at $248.6 million. Burgundy Asset Management Ltd. owned 13,056,016 shares of the company at the time of its most recent 13F filing, worth $197.28 million.


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