News Corporation (NWSA) Shares are Up 2.77%

News Corporation (NWSA) : Traders are bullish on News Corporation (NWSA) as it has outperformed the S&P 500 by a wide margin of 9.31% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.84%, 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 2.77% in the last 1 week, and is up 12.98% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 6.94% and the 50-Day Moving Average is 9.63%. News Corporation is up 4.43% in the last 3-month period. Year-to-Date the stock performance stands at -2.03%.


News Corporation (NASDAQ:NWSA): stock turned positive on Friday. Though the stock opened at $12.54, the bulls momentum made the stock top out at $13.02 level for the day. The stock recorded a low of $12.54 and closed the trading day at $12.97, in the green by 1.49%. The total traded volume for the day was 2,413,892. The stock had closed at $12.78 in the previous days trading.

Also, CLSA downgrades their rating on the shares of News Corporation (NASDAQ:NWSA). The current rating of the shares is Outperform. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 9, 2016.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.