Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Fox Corporation shares valued at $35,521,076 were sold by MURDOCH KEITH RUPERT on Nov 26 ’24. At $46.07 per share, MURDOCH KEITH RUPERT sold 771,024 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, MURDOCH KEITH RUPERT sold 186,871 shares, netting a total of over 8,637,178 in proceeds. Following the sale of shares at $46.22 each, the insider now holds 0 shares.
Before that, Keith Rupert Murdoch had added 771,024 shares to its account. In a trade valued at $35,528,786, the Chairman Emeritus bought Fox Corporation shares for $46.08 each.
As published in a research note from MoffettNathanson on January 21, 2025, Fox Corporation [FOXA] has been rated down from a Buy to a Neutral and the price target has been revised to $52 from $51. Analysts at Seaport Research Partners downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early September. As of August 16, 2024, Wells Fargo has increased its “an Underweight” rating to a “an Overweight” for FOXA. Earlier on June 25, 2024, Goldman initiated its rating. Their recommendation was “a Buy” for FOXA stock.
Analyzing FOXA Stock Performance
During the last five days, there has been a drop of approximately -1.39%. Over the course of the year, Fox Corporation shares have dropped approximately -0.91%. Shares of the company reached a 52-week high of $50.28 on 01/06/25 and a 52-week low of $47.35 on 01/21/25. A 50-day SMA is recorded $47.53, while a 200-day SMA reached $39.66. Nevertheless, trading volume fell to 4.04 million shares from 4.7 million shares the previous day.
Support And Resistance Levels for Fox Corporation (FOXA)
According to the 24-hour chart, there is a support level at 47.71, which, if violated, would cause prices to drop to 47.28. In the upper region, resistance lies at 48.44. The next price resistance is at 48.74. RSI (Relative Strength Index) is 49.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.62, which suggests the price will decrease in the coming days. Percent R is at 73.08%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
