NWSA Stock Summary and Trading Ideas (News - Class A | NASDAQ:NWSA)

News Corporation is a diversified media conglomerate with significant presence in the U.S, the U.K., and Australia. Key mastheads include The Wall Street Journal, Herald Sun, and The Times. The company also has a strong presence in the Australian pay-TV market through Fox Sports, Foxtel, and associated streaming platforms (all 65%-owned), while its 61%-owned REA Group is the dominant real estate classified business in Australia. In addition, it owns HarperCollins, one of the largest book publishers in the world, and also has a substantial digital property advertising business (Move) in the U.S.

News - Class A trades on the NASDAQ stock market under the symbol NWSA.

As of April 19, 2024, NWSA stock price declined to $24.02 with 1,325,280 million shares trading.

NWSA has a beta of 0.95, meaning it tends to be less sensitive to market movements. NWSA has a correlation of 0.26 to the broad based SPY ETF.

NWSA has a market cap of $13.65 billion. This is considered a Large Cap stock.

Last quarter News - Class A 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, NWSA stock traded as high as $28.00 and as low as $14.87.

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

NWSA has outperformed the market in the last year with a return of +40.2%, while the SPY ETF gained +21.2%. However, in the most recent history, NWSA shares have underperformed the stock market with its stock returning +2.3% in the last 3 month period and -6.0% for the last 2 week period, while SPY has returned +4.3% and -3.5%, respectively.

NWSA support price is $23.75 and resistance is $24.31 (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 NWSA stock will trade within this expected range on the day.