The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Fox Corporation shares valued at $5,757,013 were sold by MURDOCH KEITH RUPERT on Nov 29 ’23. At $29.57 per share, MURDOCH KEITH RUPERT sold 194,691 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, MURDOCH KEITH RUPERT sold 100,000 shares, netting a total of over 3,190,000 in proceeds. Following the sale of shares at $31.90 each, the insider now holds 128,964 shares.
Before that, DINH VIET D had sold 231,865 shares from its account. In a trade valued at $7,744,098, the Chief Legal and Policy Officer traded Fox Corporation shares for $33.40 each. Upon closing the transaction, the insider’s holdings decreased to 231,865 shares, worth approximately $1.59 million.
Analyzing FOX Stock Performance
During the last five days, there has been a surge of approximately 0.18%. Over the course of the year, Fox Corporation shares have jumped approximately 2.31%. Shares of the company reached a 52-week high of $30.50 on 02/07/24 and a 52-week low of $25.82 on 03/06/24. A 50-day SMA is recorded $27.57, while a 200-day SMA reached $28.84. Nevertheless, trading volume fell to 0.62 million shares from 1.17 million shares the previous day.
Support And Resistance Levels for Fox Corporation (FOX)
According to the 24-hour chart, there is a support level at 28.05, which, if violated, would cause prices to drop to 27.82. In the upper region, resistance lies at 28.46. The next price resistance is at 28.64. RSI (Relative Strength Index) is 54.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.24, which suggests the price will decrease in the coming days. Percent R is at 54.14%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
