News Corporation (NWSA) has risen sharply, recording gains of 9.94% in the past 4 weeks. However, the stock has corrected -1.08% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.27% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
News Corporation (NASDAQ:NWSA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.79 and $12.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.83, notching a gain of 0.71% for the day. The total traded volume was 2,291,925 . The stock had closed at $12.74 on the previous day.
The stock has recorded a 20-day Moving Average of 2.71% and the 50-Day Moving Average is 7.46%. News Corporation is up 1.02% in the last 3-month period. Year-to-Date the stock performance stands at -3.09%.
News Corporation (NWSA) : The consensus price target for News Corporation (NWSA) is $16.09 for the short term with a standard deviation of $1.82. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $18, however, the pessimist price target for the company is $14.
News Corporation is a diversified media and information services company. The Company is focused on creating and distributing content to consumers and businesses throughout the world. The Company operates through six segments: News and Information Services; Book Publishing; Digital Real Estate Services; Cable Network Programming; Digital Education, and Other. The Company comprises businesses across a range of media, including news and information services, book publishing, digital real estate services, cable network programming in Australia, digital education and pay-television distribution in Australia, that are distributed under brands, including the Wall Street Journal, Dow Jones, the Australian, Herald Sun, the Sun, the Times, HarperCollins Publishers, FOX SPORTS Australia, realestate.com.au, realtor.com and Foxtel. The Company also owns around 50% stake in Foxtel, the pay-television provider in Australia, which is accounted for as an equity investment.