News Corp’s recently made public 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 $0.28 million.
UBS upgraded its News Corp [NWSA] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early January with a ‘”a Buy”‘ rating. Macquarie also remained covering NWSA and has increased its forecast on February 08, 2024 with a “an Outperform” recommendation from previously “Neutral” rating.
Price Performance Review of NWSA
On Tuesday, News Corp [NASDAQ:NWSA] saw its stock fall -0.35% to $28.36. Over the last five days, the stock has lost -6.12%. News Corp shares have risen nearly 2.98% since the year began. Nevertheless, the stocks have risen 6.98% over the past one year. While a 52-week high of $30.69 was reached on 02/19/25, a 52-week low of $22.65 was recorded on 01/13/25. SMA at 50 days reached $28.28, while 200 days put it at $27.52.
Levels Of Support And Resistance For NWSA Stock
The 24-hour chart illustrates a support level at 28.11, which if violated will result in even more drops to 27.85. On the upside, there is a resistance level at 28.69. A further resistance level may holdings at 29.02. The Relative Strength Index (RSI) on the 14-day chart is 44.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.04%. Stochastics %K at 20.45% indicates the stock is a holding.
