News Corporation (NWSA) Shares are Up 2.6%

News Corporation (NWSA) : Traders are bullish on News Corporation (NWSA) as it has outperformed the S&P 500 by a margin of 6.21% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.97%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.6% in the last 1 week, and is up 13.39% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

News Corporation (NASDAQ:NWSA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.45 and $12.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.62, notching a gain of 1.77% for the day. The total traded volume was 2,134,120 . The stock had closed at $12.40 on the previous day.


The stock has recorded a 20-day Moving Average of 7.59% and the 50-Day Moving Average is 7.46%. News Corporation has dropped 1.41% during the last 3-month period . Year-to-Date the stock performance stands at -4.67%.

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,, 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.

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