News Corp’s recent filing unveils that its Chief Financial Officer PANUCCIO SUSAN unloaded Company’s shares for reported $0.23 million on Aug 16 ’23. 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 $4.25 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 Corp 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 $2.29 million.
Citigroup upgraded its News Corp [NWS] rating to a Buy from a a Neutral in a research note published recently.
Price Performance Review of NWS
On Friday, News Corp [NASDAQ:NWS] saw its stock jump 3.11% to $27.52. Over the last five days, the stock has gained 1.62%. News Corp shares have risen nearly 7.00% since the year began. Nevertheless, the stocks have risen 50.14% over the past one year. While a 52-week high of $28.92 was reached on 02/08/24, a 52-week low of $18.19 was recorded on 05/09/24. SMA at 50 days reached $26.00, while 200 days put it at $24.16. A total of 0.48 million shares were traded, compared to the trading of 71753.0 shares in the previous session.
Levels Of Support And Resistance For NWS Stock
The 24-hour chart illustrates a support level at 26.94, which if violated will result in even more drops to 26.35. On the upside, there is a resistance level at 27.83. A further resistance level may holdings at 28.13. The Relative Strength Index (RSI) on the 14-day chart is 68.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.84%. Stochastics %K at 86.18% indicates the stock is a selling.
