In a filing, Fox Corporation revealed its Chairman Emeritus MURDOCH KEITH RUPERT unloaded Company’s shares for reported $35.52 million on Nov 26 ’24. In the deal valued at $46.07 per share,771,024 shares were sold. As a result of this transaction, MURDOCH KEITH RUPERT now holds 0 shares worth roughly $0.0.
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Then, MURDOCH KEITH RUPERT sold 186,871 shares, generating $8,637,178 in total proceeds. Upon selling the shares at $46.22, the Chairman Emeritus now owns 0 shares.
Before that, Keith Rupert Murdoch bought 771,024 shares. Fox Corporation shares valued at $35,528,786 were divested by the Chairman Emeritus at a price of $46.08 per share.
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 0.15% to $46.15. Over the last five days, the stock has gained 0.85%. Fox Corporation shares have risen nearly 55.54% since the year began. Nevertheless, the stocks have risen 52.71% over the past one year. While a 52-week high of $47.58 was reached on 11/14/24, a 52-week low of $28.28 was recorded on 03/06/24. SMA at 50 days reached $43.11, while 200 days put it at $36.39.
Levels Of Support And Resistance For FOXA Stock
The 24-hour chart illustrates a support level at 45.94, which if violated will result in even more drops to 45.72. On the upside, there is a resistance level at 46.34. A further resistance level may holdings at 46.52. The Relative Strength Index (RSI) on the 14-day chart is 60.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.78%. Stochastics %K at 66.37% 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 2024-11-15, dropping by -2.55 million shares to a total of 20.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 23.04 million shares. There was a decline of -12.44%, which implies that there is a negative sentiment for the stock.
