FOX Stock Summary and Trading Ideas (Fox - Class B | NASDAQ:FOX)

Fox operates in two segments: cable networks and television. Cable networks primarily includes Fox News, Fox Business, and several pay-TV sports stations. Television primarily includes the Fox broadcast network, 28 owned and operated local television stations, of which 18 are affiliated with the Fox network, and streaming platform Tubi, which is not subscription-based and is completely ad-supported. Fox effectively sold most of its entertainment assets to Disney in 2019, so it no longer creates entertainment content and relies heavily on live news and sports, with nearly all tied to the pay-TV bundle. The Murdoch family controls Fox.

Fox - Class B trades on the NASDAQ stock market under the symbol FOX.

As of April 19, 2024, FOX stock price climbed to $28.87 with 975,816 million shares trading.

FOX has a beta of 0.55, meaning it tends to be less sensitive to market movements. FOX has a correlation of 0.10 to the broad based SPY ETF.

FOX has a market cap of $13.71 billion. This is considered a Large Cap stock.

In the last 3 years, FOX stock traded as high as $40.91 and as low as $25.82.

The top ETF exchange traded funds that FOX belongs to (by Net Assets): VOO, XLC, VTI, VO, SPY.

FOX has underperformed the market in the last year with a return of -5.8%, while the SPY ETF gained +21.2%. In the last 3 month period, FOX fell short of the market, returning +1.9%, while SPY returned +4.3%. However, in the most recent 2 weeks FOX has outperformed the stock market by returning +1.6%, while SPY returned -3.5%.

FOX support price is $27.93 and resistance is $28.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FOX stock will trade within this expected range on the day.