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Examining the Potential Price Growth of Fox Corporation (FOX)

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Fox Corporation’s recently made public 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 $54.4 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 $10.78 million.

Price Performance Review of FOX

On Tuesday, Fox Corporation [NASDAQ:FOX] saw its stock jump 1.08% to $43.21. Over the last five days, the stock has lost -1.01%. Fox Corporation shares have risen nearly 56.27% since the year began. Nevertheless, the stocks have risen 51.99% over the past one year. While a 52-week high of $44.42 was reached on 11/15/24, a 52-week low of $25.82 was recorded on 03/06/24. SMA at 50 days reached $39.24, while 200 days put it at $33.28.

Levels Of Support And Resistance For FOX Stock

The 24-hour chart illustrates a support level at 42.53, which if violated will result in even more drops to 41.85. On the upside, there is a resistance level at 43.56. A further resistance level may holdings at 43.91. The Relative Strength Index (RSI) on the 14-day chart is 67.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.38%. Stochastics %K at 74.88% indicates the stock is a holding.

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 -0.31 million shares to a total of 3.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.61 million shares. There was a decline of -9.3%, which implies that there is a negative sentiment for the stock.

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