News Corp’s recent filing unveils that its Chief Technology Officer Kline David R unloaded Company’s shares for reported $0.27 million on Sep 05 ’24. In the deal valued at $26.96 per share,10,000 shares were sold. As a result of this transaction, Kline David R now holds 0 shares worth roughly $0.0.
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Then, Kline David R bought 10,000 shares, generating $269,626 in total proceeds.
Before that, Kline David R sold 13,704 shares. News Corp shares valued at $375,729 were divested by the Chief Technology Officer at a price of $27.42 per share. As a result of the transaction, Kline David R now holds 10,000 shares, worth roughly $0.28 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 Tuesday, News Corp [NASDAQ:NWS] saw its stock jump 1.10% to $27.65. Over the last five days, the stock has gained 0.66%. News Corp shares have risen nearly 7.50% since the year began. Nevertheless, the stocks have risen 31.79% over the past one year. While a 52-week high of $29.59 was reached on 08/26/24, a 52-week low of $20.01 was recorded on 05/09/24. SMA at 50 days reached $28.25, while 200 days put it at $26.74.
Levels Of Support And Resistance For NWS Stock
The 24-hour chart illustrates a support level at 27.40, which if violated will result in even more drops to 27.15. On the upside, there is a resistance level at 27.89. A further resistance level may holdings at 28.12. The Relative Strength Index (RSI) on the 14-day chart is 45.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.17%. Stochastics %K at 24.33% indicates the stock is a holding.
How much short interest is there in News Corp?
A steep rise in short interest was recorded in News Corp stocks on 2024-08-30, dropping by 44017.0 shares to a total of 2.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.72 million shares. There was a decline of -1.65%, which implies that there is a negative sentiment for the stock.