In Friday’s Wall Street session, News Corp (NASDAQ:NWSA) shares traded at $28.06, up 28.35% from the previous session.
NWSA stock price is now 0.34 away from the 50-day moving average and May 08 AMC away from the 200-day moving average. The market capitalization of the company currently stands at $16.85B.
On January 10, 2025, Citigroup recently initiated its ‘Buy’ rating on the stock quoting a target price of $36, while ‘Macquarie’ rates the stock as ‘Outperform’
In other news, Kline David R, Chief Technology Officer sold 10,000 shares of the company’s stock on Sep 05 ’24. The stock was sold for $269,626 at an average price of $26.96. Upon completion of the transaction, the Chief Technology Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05 ’24, Officer Kline David R bought 10,000 shares of the business’s stock. A total of $269,626 was incurred on buying the stock at an average price of $26.96. A total of 33.42% of the company’s stock is owned by insiders.
During the past 12 months, News Corp has had a low of $23.38 and a high of $30.69. As of last week, the company has a debt-to-equity ratio of 1.60, a current ratio of 1.97, and a quick ratio of 11.96.
The net profit margin was 5.18% and return on equity was 5.88% for NWSA.
