19-Apr-2024
OutKick Continues to See Growth in Q1 of 2024
Business Wire (Thu, 18-Apr 12:21 PM ET)
FOX News Digital Marks Twelve Consecutive Quarters Leading News Brands With Multiplatform Minutes
Business Wire (Wed, 17-Apr 6:57 PM ET)
New constituents of Goldman Sachs’ ROE growth basket
Seeking Alpha News (Wed, 17-Apr 12:20 PM ET)
Disney/Warner/Fox sports venture draws lawmaker concerns on competition
Seeking Alpha News (Tue, 16-Apr 4:21 PM ET)
Bernstein Sticks to Their Hold Rating for Fox (FOXA)
TipRanks (Mon, 15-Apr 6:07 AM ET)
Fox Corporation Executives to Discuss Third Quarter Fiscal 2024 Financial Results Via Webcast
PRNewswire (Thu, 11-Apr 12:00 PM ET)
Greg Gutfeld Signs Multi-Year Contract Extension With FOX News Media
Business Wire (Thu, 4-Apr 2:05 PM ET)
FOX Nation to Debut New Docuseries 'Surviving Hamas: A Benjamin Hall Special' on April 9
Business Wire (Thu, 4-Apr 10:48 AM ET)
FOX Nation to Release All New "COPS: Spring Break" Collection Beginning This Friday
Business Wire (Wed, 3-Apr 1:39 PM ET)
FOX Unveils Evolved AdRise Platform to Power OneFOX Audience Network
PRNewswire (Wed, 3-Apr 11:00 AM ET)
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 A trades on the NASDAQ stock market under the symbol FOXA.
As of April 19, 2024, FOXA stock price climbed to $31.39 with 2,143,420 million shares trading.
FOXA has a beta of 0.54, meaning it tends to be less sensitive to market movements. FOXA has a correlation of 0.10 to the broad based SPY ETF.
FOXA has a market cap of $14.91 billion. This is considered a Large Cap stock.
Last quarter Fox - Class A reported $4 billion in Revenue and $.34 earnings per share. This beat revenue expectation by $24 million and exceeded earnings estimates by $.23.
In the last 3 years, FOXA stock traded as high as $44.95 and as low as $28.02.
The top ETF exchange traded funds that FOXA belongs to (by Net Assets): VTI, XLC, VOO, VO, SPY.
FOXA has underperformed the market in the last year with a return of -6.1%, while the SPY ETF gained +21.2%. In the last 3 month period, FOXA fell short of the market, returning +2.5%, while SPY returned +4.3%. However, in the most recent 2 weeks FOXA has outperformed the stock market by returning +0.8%, while SPY returned -3.5%.
FOXA support price is $30.39 and resistance is $31.15 (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 FOXA stock will trade within this expected range on the day.