Fox Corporation’s filing revealed that its Chairman Emeritus MURDOCH KEITH RUPERT unloaded Company’s shares for reported $35.52 million on Nov 26 ’24. In the deal valued at $46.07 per share,771,024 shares were sold. As a result of this transaction, MURDOCH KEITH RUPERT now holds 0 shares worth roughly $0.0.
Then, MURDOCH KEITH RUPERT sold 186,871 shares, generating $8,637,178 in total proceeds. Upon selling the shares at $46.22, the Chairman Emeritus now owns 0 shares.
Before that, Keith Rupert Murdoch bought 771,024 shares. Fox Corporation shares valued at $35,528,786 were divested by the Chairman Emeritus at a price of $46.08 per share.
MoffettNathanson downgraded its Fox Corporation [FOXA] rating to a Neutral from a a Buy in a research note published on January 21, 2025; the price target was increased to $52 from $51. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who decreased its forecast for the stock in early September from “a Buy” to “a Neutral”. Wells Fargo also remained covering FOXA and has increased its forecast on August 16, 2024 with a “an Overweight” recommendation from previously “an Underweight” rating. Goldman started covering the stock on June 25, 2024. It rated FOXA as “a Buy”.
Price Performance Review of FOXA
On Friday, Fox Corporation [NASDAQ:FOXA] saw its stock jump 0.31% to $51.18. Over the last five days, the stock has gained 4.30%. Fox Corporation shares have risen nearly 5.35% since the year began. Nevertheless, the stocks have risen 58.45% over the past one year. While a 52-week high of $51.08 was reached on 01/31/25, a 52-week low of $28.28 was recorded on 01/21/25. SMA at 50 days reached $48.11, while 200 days put it at $40.33.
Levels Of Support And Resistance For FOXA Stock
The 24-hour chart illustrates a support level at 50.81, which if violated will result in even more drops to 50.44. On the upside, there is a resistance level at 51.80. A further resistance level may holdings at 52.41. The Relative Strength Index (RSI) on the 14-day chart is 70.55, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.71, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.34%. Stochastics %K at 89.14% indicates the stock is a selling.
How much short interest is there in Fox Corporation?
A steep rise in short interest was recorded in Fox Corporation stocks on 2025-01-15, dropping by -1.05 million shares to a total of 24.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 25.54 million shares. There was a decline of -4.3%, which implies that there is a negative sentiment for the stock.
