In a filing, News Corp revealed 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.
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 $0.33 million.
Citigroup upgraded its News Corp [NWS] rating to a Buy from a a Neutral in a research note published recently.
Price Performance Review of NWS
On Tuesday, News Corp [NASDAQ:NWS] saw its stock jump 1.71% to $32.79. Over the last five days, the stock has gained 2.09%. News Corp shares have risen nearly 27.49% since the year began. Nevertheless, the stocks have risen 41.64% over the past one year. While a 52-week high of $32.75 was reached on 12/03/24, a 52-week low of $22.21 was recorded on 05/09/24. SMA at 50 days reached $29.48, while 200 days put it at $27.88.
Levels Of Support And Resistance For NWS Stock
The 24-hour chart illustrates a support level at 32.35, which if violated will result in even more drops to 31.91. On the upside, there is a resistance level at 33.05. A further resistance level may holdings at 33.30. The Relative Strength Index (RSI) on the 14-day chart is 72.60, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.55%. Stochastics %K at 84.96% indicates the stock is a selling.
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, growing by 0.49 million shares to a total of 3.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.2 million shares. There was a rise of 13.18%, which implies that there is a positive sentiment for the stock.
