News Corporation (NWSA) : Traders are bullish on News Corporation (NWSA) as it has outperformed the S&P 500 by a wide margin of 8.46% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.73%, 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 1.7% in the last 1 week, and is up 8.87% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
News Corporation is up 15.95% in the last 3-month period. Year-to-Date the stock performance stands at 3.79%. The stock has recorded a 20-day Moving Average of 5.15% and the 50-Day Moving Average is 12.42%.
News Corporation (NASDAQ:NWSA): The stock opened at $13.75 on Friday but the bulls could not build on the opening and the stock topped out at $13.79 for the day. The stock traded down to $13.62 during the day, due to lack of any buying support eventually closed down at $13.74 with a loss of -0.07% for the day. The stock had closed at $13.75 on the previous day. The total traded volume was 1,939,500 shares.
Also, In a research note released to the investors, CLSA downgrades its rating on News Corporation (NASDAQ:NWSA).The analysts at the brokerage house have a current rating of Outperform on the shares. 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, realestate.com.au, realtor.com 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.