KD Logo

Seaport Research Partners analysts upgrades a Buy rating for Fox Corporation (FOXA)

In a filing, Fox Corporation revealed its Chairman Emeritus MURDOCH KEITH RUPERT unloaded Company’s shares for reported $5.76 million on Nov 29 ’23. In the deal valued at $29.57 per share,194,691 shares were sold. As a result of this transaction, MURDOCH KEITH RUPERT now holds 0 shares worth roughly $0.0.

Then, MURDOCH KEITH RUPERT sold 100,000 shares, generating $3,190,000 in total proceeds. Upon selling the shares at $31.90, the Chair now owns 128,964 shares.

Before that, DINH VIET D sold 231,865 shares. Fox Corporation shares valued at $7,744,098 were divested by the Chief Legal and Policy Officer at a price of $33.40 per share. As a result of the transaction, DINH VIET D now holds 56,161 shares, worth roughly $1.74 million.

Seaport Research Partners upgraded its Fox Corporation [FOXA] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in late February from “a Neutral” to “a Buy”. Wolfe Research also remained covering FOXA and has increased its forecast on January 04, 2024 with a “Peer perform” recommendation from previously “an Underperform” rating. JP Morgan revised its rating on November 03, 2023. It rated FOXA as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of FOXA

On Tuesday, Fox Corporation [NASDAQ:FOXA] saw its stock fall -1.77% to $31.01. Over the last five days, the stock has lost -2.21%. Fox Corporation shares have risen nearly 4.52% since the year began. Nevertheless, the stocks have fallen -6.76% over the past one year. While a 52-week high of $35.40 was reached on 02/07/24, a 52-week low of $28.28 was recorded on 03/06/24. SMA at 50 days reached $30.34, while 200 days put it at $31.04. A total of 3.48 million shares were traded, compared to the trading of 2.56 million shares in the previous session.

Levels Of Support And Resistance For FOXA Stock

The 24-hour chart illustrates a support level at 30.77, which if violated will result in even more drops to 30.52. On the upside, there is a resistance level at 31.40. A further resistance level may holdings at 31.79. The Relative Strength Index (RSI) on the 14-day chart is 50.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.60%. Stochastics %K at 68.31% indicates the stock is a holding.

The most recent change occurred on October 06, 2023 when Seaport Research Partners began covering the stock and recommended ‘”a Neutral”‘ rating .

Most Popular

[the_ad id="945"]