News Corporation (NWSA) : Traders are bullish on News Corporation (NWSA) as it has outperformed the S&P 500 by a wide margin of 1.32% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.55%, relative to the S&P 500. The stock has risen by 2.1% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.73% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.74% and the 50-Day Moving Average is 4.4%.The 200 Day SMA reached 10.91% News Corporation is up 21.83% in the last 3-month period. Year-to-Date the stock performance stands at 3.81%.
News Corporation (NWSA) : The highest level News Corporation (NWSA) is projected to reach is $18 for the short term and the lowest estimate is at $14. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $16.12 and the possibility the share price can swing is $1.92.
For the current week, the company shares have a recommendation consensus of Buy. News Corporation (NASDAQ:NWSA): The stock was completely flat for the day, closing at $13.64 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $13.52, the stock touched an intraday high of $13.69 and a low of $13.47. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $13.64. The total trading volume on Friday was 5,244,621.
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.