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 Friday, News Corp [NASDAQ:NWSA] saw its stock fall -1.47% to $28.06. Over the last five days, the stock has gained 1.74%. News Corp shares have risen nearly 1.89% since the year began. Nevertheless, the stocks have risen 14.91% 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 $26.90, while 200 days put it at $27.50.
Levels Of Support And Resistance For NWSA Stock
The 24-hour chart illustrates a support level at 27.66, which if violated will result in even more drops to 27.25. On the upside, there is a resistance level at 28.70. A further resistance level may holdings at 29.33. The Relative Strength Index (RSI) on the 14-day chart is 60.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.59%. Stochastics %K at 87.56% indicates the stock is a selling.
