New York Times Co.’s recent filing unveils 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 $5.64 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.
Deutsche Bank initiated its New York Times Co. [NYT] rating to a Buy in a research note published on October 09, 2024; the price target was $65. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Argus also remained covering NYT and has increased its forecast on March 04, 2024 with a “Buy” recommendation from previously “Hold” rating. Barclays revised its rating on February 09, 2023. It rated NYT as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of NYT
On Friday, New York Times Co. [NYSE:NYT] saw its stock jump 0.62% to $55.44. Over the last five days, the stock has gained 0.51%. New York Times Co. shares have risen nearly 13.17% since the year began. Nevertheless, the stocks have risen 28.63% 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 $54.36, while 200 days put it at $49.12.
Levels Of Support And Resistance For NYT Stock
The 24-hour chart illustrates a support level at 54.95, which if violated will result in even more drops to 54.47. On the upside, there is a resistance level at 55.79. A further resistance level may holdings at 56.15. The Relative Strength Index (RSI) on the 14-day chart is 56.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.10%. Stochastics %K at 56.32% 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 2024-09-30, dropping by -0.15 million shares to a total of 4.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.19 million shares. There was a decline of -3.59%, which implies that there is a negative sentiment for the stock.
