Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. News Corp shares valued at $269,626 were sold by Kline David R on Sep 05 ’24. At $26.96 per share, Kline David R sold 10,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Kline David R purchased 10,000 shares, netting a total of over 269,626 in proceeds.
Before that, Kline David R had sold 13,704 shares from its account. In a trade valued at $375,729, the Chief Technology Officer traded News Corp shares for $27.42 each. Upon closing the transaction, the insider’s holdings decreased to 13,704 shares, worth approximately $0.28 million.
As published in a research note from Macquarie on February 08, 2024, News Corp [NWSA] has been rated up from a Neutral to an Outperform. As of January 25, 2023, Loop Capital has increased its “Hold” rating to a “Buy” for NWSA. Earlier on October 17, 2022, Loop Capital downgraded its rating. Their new recommendation was “a Hold” for NWSA stock which previously was a “a Buy”.
Analyzing NWSA Stock Performance
During the last five days, there has been a drop of approximately -4.78%. Over the course of the year, News Corp shares have jumped approximately 12.75%. Shares of the company reached a 52-week high of $30.03 on 11/08/24 and a 52-week low of $22.65 on 05/09/24. A 50-day SMA is recorded $28.08, while a 200-day SMA reached $26.85. Nevertheless, trading volume fell to 2.05 million shares from 2.16 million shares the previous day.
Support And Resistance Levels for News Corp (NWSA)
According to the 24-hour chart, there is a support level at 27.35, which, if violated, would cause prices to drop to 27.02. In the upper region, resistance lies at 28.31. The next price resistance is at 28.94. RSI (Relative Strength Index) is 33.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.87, which suggests the price will decrease in the coming days. Percent R is at 98.70%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
