Fox Corporation’s recently made public that its Chief Operating Officer NALLEN JOHN unloaded Company’s shares for reported $2.06 million on Aug 15 ’24. In the deal valued at $38.96 per share,52,874 shares were sold. As a result of this transaction, NALLEN JOHN now holds 249,424 shares worth roughly $10.56 million.
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Then, MURDOCH LACHLAN K bought 119,705 shares, generating $4,675,677 in total proceeds. Upon buying the shares at $39.06, the Executive Chair, CEO now owns 1,076,407 shares.
Before that, MURDOCH LACHLAN K sold 119,705 shares. Fox Corporation shares valued at $4,675,677 were divested by the Executive Chair, CEO at a price of $39.06 per share. As a result of the transaction, MURDOCH LACHLAN K now holds 152 shares, worth roughly $6432.64.
Seaport Research Partners downgraded its Fox Corporation [FOXA] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid August from “an Underweight” to “an Overweight”. Goldman began covering FOXA with “Buy” recommendation on June 25, 2024. BofA Securities revised its rating on May 09, 2024. It rated FOXA as “a Buy” which previously was an “a Neutral”.
Price Performance Review of FOXA
On Tuesday, Fox Corporation [NASDAQ:FOXA] saw its stock fall -0.02% to $42.32. Fox Corporation shares have risen nearly 42.64% since the year began. Nevertheless, the stocks have risen 35.64% over the past one year. While a 52-week high of $42.63 was reached on 09/27/24, a 52-week low of $28.28 was recorded on 03/06/24. SMA at 50 days reached $39.83, while 200 days put it at $33.82.
Levels Of Support And Resistance For FOXA Stock
The 24-hour chart illustrates a support level at 41.79, which if violated will result in even more drops to 41.27. On the upside, there is a resistance level at 42.69. A further resistance level may holdings at 43.07. The Relative Strength Index (RSI) on the 14-day chart is 67.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.25, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.04%. Stochastics %K at 91.62% indicates the stock is a selling.
How much short interest is there in Fox Corporation?
A steep rise in short interest was recorded in Fox Corporation stocks on 2024-09-13, dropping by -0.51 million shares to a total of 22.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 22.85 million shares. There was a decline of -2.3%, which implies that there is a negative sentiment for the stock.
