Examining the Potential Price Growth of News Corporation (NWSA)


In a filing, News Corporation revealed its Chief Financial Officer PANUCCIO SUSAN unloaded Company’s shares for reported $0.23 million on Aug 16. In the deal valued at $21.38 per share,10,758 shares were sold. As a result of this transaction, PANUCCIO SUSAN now holds 154,287 shares worth roughly $ 3.28 million.

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Then, PANUCCIO SUSAN sold 184,212 shares, generating $3,863,662 in total proceeds. Upon selling the shares at $20.97, the Chief Financial Officer now owns 165,045 shares.

Before that, Pitofsky David B sold 58,000 shares. News Corporation shares valued at $1,216,608 were divested by the General Counsel at a price of $20.98 per share. As a result of the transaction, Pitofsky David B now holds 83,291 shares, worth roughly $1.77 million.

PT values the company’s stock at a premium of 22.62 to its Friday closing price.

Price Performance Review of NWSA

On Friday, News Corporation [NASDAQ:NWSA] saw its stock fall -0.98% to $21.28. On the same session, the stock had its day’s lowest price of $21.16, but rose to a high of $21.54. Over the last five days, the stock has gained 2.60%. News Corporation shares have risen nearly 16.92% since the year began. Nevertheless, the stocks have risen 25.77% over the past one year. While a 52-week high of $21.69 was reached on 02/02/23, a 52-week low of $14.87 was recorded on 03/13/23. SMA at 50 days reached $20.15, while 200 days put it at $18.65. A total of 1.78 million shares were traded, compared to the trading of 3.1 million shares in the previous session.

Levels Of Support And Resistance For NWSA Stock

The 24-hour chart illustrates a support level at 21.11, which if violated will result in even more drops to 20.95. On the upside, there is a resistance level at 21.49. A further resistance level may holdings at 21.71. The Relative Strength Index (RSI) on the 14-day chart is 61.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.24%. Stochastics %K at 78.35% 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 Aug 14, 2023, growing by 1.59 million shares to a total of 9.74 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 8.15 million shares. There was a rise of 16.32%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.59% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.72.

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

In filings from T. Rowe Price Associates, Inc., it is revealed that the company now owns 69,839,654 shares, or roughly 18.33% of the outstanding NWSA shares. In other words, the investor’s shares have risen by 432,014 from its previous 13-F filing of 69407640.0. Additionally, The Vanguard Group, Inc. decreased -0.99% of its stake after which the total value it holdings stand at $1,031,109,893, while Independent Franchise Partners LL added 5.81% of its stake to hold $624.2 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 1,128,531 shares of News Corporation, while BlackRock Fund Advisors bought -84,598 shares. At present, Yacktman Asset Management LP is holding 16,956,324 shares valued at $336.07 million. Dodge & Cox owned 10,608,794 shares of the company at the time of its most recent 13F filing, worth $210.27 million.

According to FactSet, News Corporation’s share price will average $26.42 in the next year, based on opinions of analysts polled by the firm. This is up nearly 22.15 percent from its previous closing price of $21.49. Analysts expect News Corporation stock to reach the higher price of $32.00, while the lowest price estimate is $22.00. However, 9 analysts have rated NWSA stock as an Overweight in their predictions for 2023.


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