Fox Corp insiders plan to sell significant stock holdings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2024
0mins
Should l Buy FOXA?
Source: Barron's
Fox Corp shares rose by 3.97% and reached a 20-day high amid broader market declines.
Insider Lachlan K. Murdoch plans to sell 247,260 shares of Fox Corp-A and Fox Corp-B, valued at approximately $14.27 million, while John Nallen intends to sell 216.81K shares worth about $12.51 million. This reduction in holdings may raise concerns among investors about insider confidence in the company's future.
The stock's increase in price, despite the insider selling, suggests that investors may be optimistic about Fox Corp's performance or upcoming developments.
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Analyst Views on FOXA
Wall Street analysts forecast FOXA stock price to rise
13 Analyst Rating
6 Buy
7 Hold
0 Sell
Moderate Buy
Current: 58.400
Low
63.00
Averages
74.46
High
85.00
Current: 58.400
Low
63.00
Averages
74.46
High
85.00
About FOXA
Fox Corporation produces and distributes news, sports, and entertainment content through its primary domestic brands, including FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations and Tubi Media Group. Its operating segments include Cable Network Programming, Television, Credible and the FOX Studio Lot. Cable Network Programming produces and licenses news and sports content distributed through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors and other digital platforms. Television produces, acquires, markets and distributes programming through the FOX broadcast network, advertising supported video-on-demand service Tubi, approximately 29 full power broadcast television stations, including 11 duopolies, and other digital platforms. The FOX Studio Lot provides television and film production services. Credible is a United States consumer finance marketplace.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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