New York Times Co.’s recent filing unveils that its SVP, Treasurer & CAO BENTEN R ANTHONY unloaded Company’s shares for reported $0.25 million on May 21 ’24. In the deal valued at $48.98 per share,5,171 shares were sold. As a result of this transaction, BENTEN R ANTHONY now holds 38,576 shares worth roughly $2.08 million.
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Then, KOPIT LEVIEN MEREDITH A. sold 12,548 shares, generating $598,841 in total proceeds. Upon selling the shares at $47.72, the PRESIDENT & CEO now owns 120,072 shares.
Before that, Brayton Diane sold 7,000 shares. New York Times Co. shares valued at $299,880 were divested by the EVP, GENERAL COUNSEL at a price of $42.84 per share. As a result of the transaction, Brayton Diane now holds 39,312 shares, worth roughly $2.12 million.
Citigroup initiated its New York Times Co. [NYT] rating to a Buy in a research note published on March 12, 2024; the price target was $52. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in early March from “a Hold” to “a Buy”. Barclays also remained covering NYT and has increased its forecast on February 09, 2023 with a “an Equal weight” recommendation from previously “an Underweight” rating. Morgan Stanley revised its rating on December 16, 2022. It rated NYT as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of NYT
On Friday, New York Times Co. [NYSE:NYT] saw its stock jump 0.90% to $53.87. Over the last five days, the stock has gained 2.82%. New York Times Co. shares have risen nearly 9.96% since the year began. Nevertheless, the stocks have risen 32.16% over the past one year. While a 52-week high of $55.63 was reached on 07/23/24, a 52-week low of $39.73 was recorded on 04/18/24. SMA at 50 days reached $51.20, while 200 days put it at $46.39. A total of 0.76 million shares were traded, compared to the trading of 1.02 million shares in the previous session.
Levels Of Support And Resistance For NYT Stock
The 24-hour chart illustrates a support level at 53.14, which if violated will result in even more drops to 52.41. On the upside, there is a resistance level at 54.46. A further resistance level may holdings at 55.05. The Relative Strength Index (RSI) on the 14-day chart is 59.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.78%. Stochastics%K at 57.71% indicates the stock is a holding.
