Fox Corporation’s recent filing unveils that its Chairman Emeritus MURDOCH KEITH RUPERT unloaded Company’s shares for reported $4.21 million on Nov 06 ’24. In the deal valued at $42.05 per share,100,000 shares were sold. As a result of this transaction, MURDOCH KEITH RUPERT now holds 1,258,862 shares worth roughly $59.04 million.
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Then, Keith Rupert Murdoch bought 100,000 shares, generating $4,066,000 in total proceeds.
Before that, NALLEN JOHN sold 182,481 shares. Fox Corporation shares valued at $7,979,894 were divested by the Chief Operating Officer at a price of $43.73 per share. As a result of the transaction, NALLEN JOHN now holds 249,424 shares, worth roughly $11.7 million.
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 jump 2.42% to $46.90. Over the last five days, the stock has gained 7.57%. Fox Corporation shares have risen nearly 58.07% since the year began. Nevertheless, the stocks have risen 55.66% over the past one year. While a 52-week high of $45.82 was reached on 11/12/24, a 52-week low of $28.28 was recorded on 03/06/24. SMA at 50 days reached $41.87, while 200 days put it at $35.63.
Levels Of Support And Resistance For FOXA Stock
The 24-hour chart illustrates a support level at 46.09, which if violated will result in even more drops to 45.28. On the upside, there is a resistance level at 47.34. A further resistance level may holdings at 47.78. The Relative Strength Index (RSI) on the 14-day chart is 79.16, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.26%. Stochastics %K at 89.73% 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 2024-10-31, dropping by -1.76 million shares to a total of 21.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 23.27 million shares. There was a decline of -8.19%, which implies that there is a negative sentiment for the stock.
