Large Inflow of Money Detected in Twenty-First Century Fox

Twenty-First Century Fox (FOXA) : Tuesdays money flow data in Twenty-First Century Fox (FOXA) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $9.4 million, whereas, $6.72 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.4, in favor of the bulls. The total money flow into the stock was $2.68 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $2.73 million. The total value of block trades done on upticks was $4.51 million. The value of bearish trades on downticks was only $1.78 million.The up/down ratio in the block trades was a healthy 2.53 in favor of the bulls, suggesting strong buying in the stock by large traders. Twenty-First Century Fox (FOXA) fell $0.17 and traded at $24.57, down -0.69% for the day, over previous days close. On a weekly basis, the shares are 0.12% over the previous weeks close.


Also, Citigroup maintains their rating on the shares of Twenty-First Century Fox (NASDAQ:FOXA). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $31 per share from $32 per share. The rating by the firm was issued on August 15, 2016.

Twenty-First Century Fox, Inc. has lost 1.37% in the last five trading days and dropped 7.78% in the last 4 weeks. Twenty-First Century Fox, Inc. has dropped 16.35% during the last 3-month period . Year-to-Date the stock performance stands at -9.12%.

Twenty-First Century Fox (NASDAQ:FOXA): The stock opened at $24.72 on Tuesday but the bulls could not build on the opening and the stock topped out at $24.77 for the day. The stock traded down to $24.50 during the day, due to lack of any buying support eventually closed down at $24.55 with a loss of -0.77% for the day. The stock had closed at $24.74 on the previous day. The total traded volume was 4,514,463 shares.

Twenty-First Century Fox, Inc. is a media and entertainment company. The Company operates through segments: Cable Network Programming, Television, Filmed Entertainment, and Other, Corporate and Eliminations. The Company produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies and online video distributors in the United States and internationally. The Company is engaged in the operation of broadcast television stations and the broadcasting of network programming in the United States. The Company is engaged in the production and acquisition of live-action and animated motion pictures for distribution and licensing in all formats in all entertainment media, and the production and licensing of television programming around the world.

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