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What should you know before buying stock in Fox Corporation (FOXA)

Fox Corporation (NASDAQ: FOXA) is 13.55% higher on its value in year-to-date trading and has touched a low of $28.28 and a high of $35.40 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FOXA stock was last observed hovering at around $34.11 in the last trading session, with the day’s loss setting it -0.42%.

Currently trading at $33.69, the stock is 0.23% and 4.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.21 million and changing -1.23% at the moment leaves the stock 8.67% off its SMA200. FOXA registered -0.44% loss for a year compared to 6-month gain of 14.87%.

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The stock witnessed a 1.11% loss in the last 1 month and extending the period to 3 months gives it a 12.56%, and is -3.22% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.64% over the week and 1.70% over the month.

Fox Corporation (FOXA) has around 10400 employees, a market worth around $15.72B and $13.92B in sales. Current P/E ratio is 10.55 and Fwd P/E is 8.90. Profit margin for the company is 11.19%. Distance from 52-week low is 19.11% and -4.84% from its 52-week high. The company has generated returns on investments over the last 12 months (8.36%).

The EPS is expected to shrink by -5.85% this year.

Fox Corporation (FOXA) Top Institutional Holders

The shares outstanding are 262.90M, and float is at 229.30M with Short Float at 10.40%.

Fox Corporation (FOXA) Insider Activity

The most recent transaction is an insider sale by Tomsic Steven,the company’sChief Financial Officer. SEC filings show that Tomsic Steven sold 30,000 shares of the company’s common stock on Jun 07 ’24 at a price of $34.26 per share for a total of $1.03 million. Following the sale, the insider now owns 0.11 million shares.

Fox Corporation disclosed in a document filed with the SEC on May 16 ’24 that MURDOCH KEITH RUPERT (Chairman Emeritus) sold a total of 50,000 shares of the company’s common stock. The trade occurred on May 16 ’24 and was made at $30.32 per share for $1.52 million. Following the transaction, the insider now directly holds 1.36 million shares of the FOXA stock.

Still, SEC filings show that on May 15 ’24, MURDOCH KEITH RUPERT (Chairman Emeritus) disposed off 13,176 shares at an average price of $30.89 for $0.41 million. The insider now directly holds 1,408,862 shares of Fox Corporation (FOXA).

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