Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fox Corporation shares valued at $2,059,971 were sold by NALLEN JOHN on Aug 15 ’24. At $38.96 per share, NALLEN JOHN sold 52,874 shares. The insider’s holdings dropped to 249,424 shares worth approximately $9.58 million following the completion of this transaction.
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Also, MURDOCH LACHLAN K purchased 119,705 shares, netting a total of over 4,675,677 in proceeds. Following the buying of shares at $39.06 each, the insider now holds 1,076,407 shares.
Before that, MURDOCH LACHLAN K had sold 119,705 shares from its account. In a trade valued at $4,675,677, the Executive Chair, CEO traded Fox Corporation shares for $39.06 each. Upon closing the transaction, the insider’s holdings decreased to 119,705 shares, worth approximately $5838.32.
Analyzing FOX Stock Performance
During the last five days, there has been a drop of approximately -0.88%. Over the course of the year, Fox Corporation shares have jumped approximately 38.92%. Shares of the company reached a 52-week high of $39.32 on 10/18/24 and a 52-week low of $25.82 on 03/06/24. A 50-day SMA is recorded $37.91, while a 200-day SMA reached $32.15. Nevertheless, trading volume fell to 0.51 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Fox Corporation (FOX)
According to the 24-hour chart, there is a support level at 38.22, which, if violated, would cause prices to drop to 38.04. In the upper region, resistance lies at 38.71. The next price resistance is at 39.01. RSI (Relative Strength Index) is 52.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 63.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
