New York Times Co.’s filing revealed that its PRESIDENT & CEO KOPIT LEVIEN MEREDITH A. unloaded Company’s shares for reported $0.99 million on Aug 12 ’24. In the deal valued at $53.92 per share,18,300 shares were sold. As a result of this transaction, KOPIT LEVIEN MEREDITH A. now holds 101,772 shares worth roughly $5.61 million.
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Then, Bardeen William sold 2,000 shares, generating $109,114 in total proceeds. Upon selling the shares at $54.56, the Chief Financial Officer now owns 10,315 shares.
Before that, KOPIT LEVIEN MEREDITH A. bought 18,300 shares. New York Times Co. shares valued at $986,779 were divested by the Officer at a price of $53.92 per share.
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 0.79% to $55.16. Over the last five days, the stock has lost -0.29%. New York Times Co. shares have risen nearly 12.59% since the year began. Nevertheless, the stocks have risen 31.58% over the past one year. While a 52-week high of $56.49 was reached on 08/07/24, a 52-week low of $39.73 was recorded on 04/18/24. SMA at 50 days reached $54.21, while 200 days put it at $48.89.
Levels Of Support And Resistance For NYT Stock
The 24-hour chart illustrates a support level at 54.54, which if violated will result in even more drops to 53.92. On the upside, there is a resistance level at 55.52. A further resistance level may holdings at 55.88. The Relative Strength Index (RSI) on the 14-day chart is 54.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.40%. Stochastics %K at 55.07% indicates the stock is a holding.
How much short interest is there in New York Times Co.?
A steep rise in short interest was recorded in New York Times Co. stocks on 2024-09-13, growing by 0.43 million shares to a total of 4.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.0 million shares. There was a rise of 9.69%, which implies that there is a positive sentiment for the stock.
