News Corp’s filing revealed 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.
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 $0.3 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 0.53% to $30.41. Over the last five days, the stock has gained 0.46%. News Corp shares have fallen nearly -0.07% since the year began. Nevertheless, the stocks have risen 19.87% over the past one year. While a 52-week high of $32.87 was reached on 01/08/25, a 52-week low of $23.99 was recorded on 01/13/25. SMA at 50 days reached $31.24, while 200 days put it at $28.40.
Levels Of Support And Resistance For NWS Stock
The 24-hour chart illustrates a support level at 30.20, which if violated will result in even more drops to 29.98. On the upside, there is a resistance level at 30.63. A further resistance level may holdings at 30.84. The Relative Strength Index (RSI) on the 14-day chart is 44.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.90%. Stochastics %K at 27.44% 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 2024-12-31, dropping by 45084.0 shares to a total of 3.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 3.69 million shares. There was a decline of -1.24%, which implies that there is a negative sentiment for the stock.
