Worth Watching: Is Selling Stock Like News Corp After Such Decline Winning Strategy?

Worth Watching: Is Selling Stock Like News Corp After Such Decline Winning Strategy?

The stock of News Corp (NASDAQ:NWSA) is a huge mover today! About 895,678 shares traded hands. News Corp (NASDAQ:NWSA) has risen 32.00% since March 4, 2016 and is uptrending. It has outperformed by 23.96% the S&P500.
The move comes after 8 months negative chart setup for the $8.21 billion company. It was reported on Oct, 7 by Barchart.com. We have $13.36 PT which if reached, will make NASDAQ:NWSA worth $410.50M less.

Analysts await News Corp (NASDAQ:NWSA) to report earnings on November, 3. They expect $0.04 earnings per share, down 20.00% or $0.01 from last year’s $0.05 per share. NWSA’s profit will be $23.36M for 87.88 P/E if the $0.04 EPS becomes a reality. After $0.10 actual earnings per share reported by News Corp for the previous quarter, Wall Street now forecasts -60.00% negative EPS growth.

News Corp (NASDAQ:NWSA) Ratings Coverage

Out of 4 analysts covering News Corporation (NASDAQ:NWSA), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. News Corporation has been the topic of 6 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Macquarie Research upgraded the shares of NWSA in a report on Monday, July 27 to “Outperform” rating. The rating was downgraded by Wells Fargo to “Market Perform” on Monday, November 9. CLSA downgraded News Corp (NASDAQ:NWSA) on Monday, May 9 to “Outperform” rating.

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

More notable recent News Corp (NASDAQ:NWSA) news were published by: Reuters.com which released: “News Corp’s Australian Netflix challenger shuts up shop” on October 04, 2016, also Theguardian.com with their article: “News Corp faces lawsuits from 20 ‘Fake Sheikh’ targets in wake of conviction” published on October 05, 2016, Economictimes.Indiatimes.com published: “September quarter sees robust M&As, PE deals dry up: News Corp VCCEdge” on October 05, 2016. More interesting news about News Corp (NASDAQ:NWSA) were released by: Wsj.com and their article: “Former News Corp Executives Accused of Misleading UK Parliament; Company Cleared” published on September 14, 2016 as well as Wsj.com‘s news article titled: “Univision Names News Corp’s Raju Narisetti as CEO of Former Gawker Media” with publication date: September 21, 2016.

NWSA 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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