News Corp’s recent filing unveils that its Chief Technology Officer Kline David R unloaded Company’s shares for reported $0.27 million on Sep 05 ’24. In the deal valued at $26.96 per share,10,000 shares were sold. As a result of this transaction, Kline David R now holds 0 shares worth roughly $0.0.
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Then, Kline David R bought 10,000 shares, generating $269,626 in total proceeds.
Before that, Kline David R sold 13,704 shares. News Corp shares valued at $375,729 were divested by the Chief Technology Officer at a price of $27.42 per share. As a result of the transaction, Kline David R now holds 10,000 shares, worth roughly $0.29 million.
Macquarie upgraded its News Corp [NWSA] rating to an Outperform from a a Neutral in a research note published recently. Loop Capital also remained covering NWSA and has increased its forecast on January 25, 2023 with a “Buy” recommendation from previously “Hold” rating. Loop Capital revised its rating on October 17, 2022. It rated NWSA as “a Hold” which previously was an “a Buy”.
Price Performance Review of NWSA
On Friday, News Corp [NASDAQ:NWSA] saw its stock jump 1.03% to $29.35. Over the last five days, the stock has lost -0.64%. News Corp shares have risen nearly 19.55% since the year began. Nevertheless, the stocks have risen 31.38% over the past one year. While a 52-week high of $30.03 was reached on 11/08/24, a 52-week low of $21.52 was recorded on 05/09/24. SMA at 50 days reached $27.36, while 200 days put it at $26.67.
Levels Of Support And Resistance For NWSA Stock
The 24-hour chart illustrates a support level at 29.07, which if violated will result in even more drops to 28.79. On the upside, there is a resistance level at 29.55. A further resistance level may holdings at 29.75. The Relative Strength Index (RSI) on the 14-day chart is 63.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.16%. Stochastics %K at 51.77% indicates the stock is a holding.
How much short interest is there in News Corp?
A steep rise in short interest was recorded in News Corp stocks on 2024-11-15, dropping by -2.03 million shares to a total of 5.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 7.5 million shares. There was a decline of -37.06%, which implies that there is a negative sentiment for the stock.
