Worth Watching: A Reversal for News Corp Is Not Near. The Stock Rises Again

Worth Watching: A Reversal for News Corp Is Not Near. The Stock Rises Again

The stock of News Corp (NASDAQ:NWS) is a huge mover today! About 1.38M shares traded hands. News Corp (NASDAQ:NWS) has risen 24.63% since February 29, 2016 and is uptrending. It has outperformed by 12.41% the S&P500.
The move comes after 8 months positive chart setup for the $8.46 billion company. It was reported on Oct, 3 by Barchart.com. We have $20.07 PT which if reached, will make NASDAQ:NWS worth $3.13B more.

Analysts await News Corp (NASDAQ:NWS) to report earnings on November, 3.

According to Zacks Investment Research, “News Corp. provides media and information services. It is focused on creating and distributing authoritative and engaging content to consumers. The company’s business comprises of media, which includes news and information services, sports programming primarily in Australia, digital real estate services, book publishing, digital education and pay-TV distribution primarily in Australia. It operates primarily in the United States, Australia and the United Kingdom. News Corp. is headquartered in New York.”

Insitutional Activity: The institutional sentiment increased to 0.93 in 2016 Q2. Its up 0.27, from 0.66 in 2016Q1. The ratio is positive, as 48 funds sold all News Corp shares owned while 220 reduced positions. 67 funds bought stakes while 181 increased positions. They now own 1.00 billion shares or 3.50% less from 1.04 billion shares in 2016Q1.
Kensico Capital holds 3.18% of its portfolio in News Corp (NASDAQ:NWS) for 5.85 million shares. Public Sector Pension Investment Board last reported 207,705 shares in the company. Ancient Art L P holds 33,665 shares or 0.16% of its portfolio. Agran Libbie, a California-based fund reported 12,262 shares. Holland Management Limited Liability Co has invested 1.67% of its portfolio in News Corp (NASDAQ:NWS). Gam Holding Ag owns 144,429 shares or 0.06% of their US portfolio. Boothbay Fund Llc last reported 43,725 shares in the company. Tru Of Vermont has 192 shares for 0% of their US portfolio. Suntrust Banks has 99,815 shares for 0.02% of their US portfolio. Services Automobile Association last reported 540,803 shares in the company. Westpac Bk owns 82,750 shares or 0% of their US portfolio. Friess Assocs Limited last reported 602,991 shares in the company. Jnba holds 200 shares or 0% of its portfolio. Dnb Asset As, a Norway-based fund reported 98,350 shares. Fuller And Thaler Asset holds 10,000 shares or 0% of its portfolio.

Insider Transactions: Since August 15, 2016, the stock had 1 insider buy, and 2 selling transactions for $75.98 million net activity. $78.18M worth of News Corp (NASDAQ:NWS) shares were bought by UBBEN JEFFREY W. Another trade for 53,349 shares valued at $1.39 million was sold by MURDOCH KEITH RUPERT. DEVOE DAVID F sold 31,260 shares worth $812,135.

More notable recent News Corp (NASDAQ:NWS) news were published by: Thewrap.com which released: “John Elkann Steps Down From News Corp Board – TheWrap” on September 30, 2016, also Businessinsider.com with their article: “NewsCorp just pumped $10 million into ad tech company AppNexus as part of a …” published on September 28, 2016, Wsj.com published: “Former News Corp Executives Accused of Misleading UK Parliament; Company Cleared” on September 14, 2016. More interesting news about News Corp (NASDAQ:NWS) were released by: Wsj.com and their article: “Univision Names News Corp’s Raju Narisetti as CEO of Former Gawker Media” published on September 21, 2016 as well as Theguardian.com‘s news article titled: “Father furious after daughter labelled ‘Aussie bludger’ by News Corp tabloid” with publication date: September 22, 2016.

NWS Company Profile

News Corporation, incorporated on December 11, 2012, is a global diversified media and information services firm focused on creating and distributing content to clients and businesses throughout the world. The Company’s activities are organized into five divisions: News and Information Services; Book Publishing; Digital Real Estate Services; Cable Network Programming, and Other. The Firm comprises businesses across a range of media, including news and information services, book publishing, digital real estate services, cable network programming in Australia 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, among others. The Firm also owns a stake in Foxtel, a pay-television well-known provider in Australia, which is accounted for as an equity investment. The Firm operates primarily in the United States, Australia and the United Kingdom, and its content is distributed and consumed across the world. The Firm delivers its content to clients across numerous distribution platforms consisting not only of traditional print and television, but also through an array of digital platforms, including Websites, applications for mobile devices and tablets, social media and e-book devices.

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