News Corp’s recent filing unveils 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 $0.25 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 Monday, News Corp [NASDAQ:NWSA] saw its stock fall -1.97% to $25.35. Over the last five days, the stock has lost -3.21%. News Corp shares have fallen nearly -7.95% since the year began. Nevertheless, the stocks have risen 4.97% 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 04/07/25. SMA at 50 days reached $27.40, while 200 days put it at $27.53.
Levels Of Support And Resistance For NWSA Stock
The 24-hour chart illustrates a support level at 25.04, which if violated will result in even more drops to 24.74. On the upside, there is a resistance level at 25.69. A further resistance level may holdings at 26.03. The Relative Strength Index (RSI) on the 14-day chart is 41.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.42%. Stochastics %K at 56.97% 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 2025-03-31, dropping by -0.82 million shares to a total of 5.48 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 6.29 million shares. There was a decline of -14.92%, which implies that there is a negative sentiment for the stock.
