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News Corp Class B (NWS) Stock: What Does the Chart Say Monday?

Monday, March 04, 2024 02:33 PM | InvestorsObserver Analysts

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News Corp Class B (NWS) Stock: What Does the Chart Say Monday?

News Corp Class B (NWS) stock is lower by 1.64% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bearish
News Corp Class B has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NWS!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With NWS Stock Today?

News Corp Class B (NWS) stock has fallen -1.2% while the S&P 500 has gained 0.01% as of 2:19 PM on Monday, Mar 4. NWS is down -$0.33 from the previous closing price of $27.40 on volume of 465,218 shares. Over the past year the S&P 500 has risen 26.91% while NWS has gained 57.48%. NWS earned $0.39 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 68.57. To screen for more stocks like News Corp Class B click here.

More About News Corp Class B

News Corp is a media conglomerate with large presence in the U.S, the U.K., and Australia. Key brands 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 and Foxtel (both 65%-owned), while its 62%-owned REA Group is the dominant real estate classified business in Australia. Click Here to get the full Stock Report for News Corp Class B stock.

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