NWS Stock Summary and Trading Ideas (News - Class B | NASDAQ:NWS)

News Corporation is a diversified media conglomerate with significant presence in the US, the UK, and Australia. Key mastheads include The Wall Street Journal, Barron's, New York Post, The Times, The Sun, The Australian, Herald Sun, and The Daily Telegraph. The company also has a strong presence in the Australian subscription video market through 65%-owned Foxtel, and streaming platforms such as sport-focused Kayo and entertainment-focused Binge. Its 61%-owned REA Group is the dominant property listings business in Australia. In addition, it owns Harper Collins, one of the largest book publishers in the world, and has a sizable US digital property advertising business, Move.

News - Class B trades on the NASDAQ stock market under the symbol NWS.

As of April 25, 2024, NWS stock price declined to $24.94 with 594,845 million shares trading.

NWS has a beta of 0.91, meaning it tends to be less sensitive to market movements. NWS has a correlation of 0.26 to the broad based SPY ETF.

NWS has a market cap of $14.17 billion. This is considered a Large Cap stock.

Last quarter News - Class B reported $3 billion in Revenue and $.26 earnings per share. This beat revenue expectation by $36 million and exceeded earnings estimates by $.07.

In the last 3 years, NWS stock traded as high as $28.92 and as low as $15.15.

The top ETF exchange traded funds that NWS belongs to (by Net Assets): XLC, VTI, SPY, IVV, RSP.

NWS has outperformed the market in the last year with a return of +44.3%, while the SPY ETF gained +23.6%. However, in the most recent history, NWS shares have underperformed the stock market with its stock returning -2.3% in the last 3 month period and -2.7% for the last 2 week period, while SPY has returned +4.1% and -2.1%, respectively.

NWS support price is $25.02 and resistance is $25.64 (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 NWS stock will trade within this expected range on the day.