In yesterday’s Wall Street session, News Corp (NASDAQ:NWSA) shares traded at $27.99, down -1.58% from the previous session.
NWSA stock price is now 4.44% away from the 50-day moving average and 14.51% away from the 200-day moving average. The market capitalization of the company currently stands at $15.04B.
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, while ‘Loop Capital’ rates the stock as ‘Buy’
In other news, PANUCCIO SUSAN, Chief Financial Officer sold 10,758 shares of the company’s stock on Aug 16 ’23. The stock was sold for $230,006 at an average price of $21.38. Upon completion of the transaction, the Chief Financial Officer now directly owns 154,287 shares in the company, valued at $4.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15 ’23, Chief Financial Officer PANUCCIO SUSAN sold 184,212 shares of the business’s stock. A total of $3,863,662 was realized by selling the stock at an average price of $20.97. This leaves the insider owning 165,045 shares of the company worth $4.62 million. A total of 30.24% of the company’s stock is owned by insiders.
During the past 12 months, News Corp has had a low of $19.09 and a high of $28.62. As of last week, the company has a debt-to-equity ratio of 0.50, a current ratio of 1.36, and a quick ratio of 1.25. The fifty day moving average price for NWSA is $27.0366 and a two-hundred day moving average price translates $24.72125 for the stock.
The latest earnings results from News Corp (NASDAQ: NWSA) was released for 2024-03-31. The net profit margin was 2.09% and return on equity was 2.58% for NWSA. The company reported revenue of $2.42 billion for the quarter, compared to $2.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.98 percent.
