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Stock Charts AI Power Rank: 9.3
Power Rank trend -> Rising
07/08/2024 11:13:00 EST
Fox Corp Class B (FOX)
Industry: Entertainment
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, FOX has been trading in a range between $32.21 and $30.94 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
FOX is trading below resistance at $32.28, about 0% to the upside. There is support at $30.01 -7% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Fox Corp Class B $FOX entered a Green zone 13 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $51.5, a potential upside of 60.14% from the recent price of 32.16. The stock is trading 1.46% (potential upside) below its 52 week high of $32.63 and 24.7 % (potential downside) above its 52 week low of $25.79 - based on the recent price.
Company Summary
Fox Corporation operates as a news, sports, and entertainment company in the United States (US. ).
News
| FOX News Channel Hits 90 Consecutive Quarters at Number One and Posts Double-Digit Growth Among Every Category Year-Over-Year NEW YORK--(BUSINESS WIRE)--FOX News Channel (FNC) finished the second quarter of 2024 as cable's most-watched network in total day and primetime for 90 consecutive quarters according to Nielsen Media Research. FNC is the only network to show growth across the board versus 2023 while CNN and MSNBC both shed double-digits in the key 25-54 demo. For the second quarter in a row, CNN hit a 33-year low in total day, 18-49 and 25-54 demos, delivering its smallest younger audience since 1991. As FNC po. Source: Business Wire Tue, 02 Jul 2024 15:10:00 -0400 Sentiment: Neutral |
| Fox to roll out free streaming platform Tubi in the UK Fox Corp (NASDAQ:FOXA) will introduce a free streaming service, Tubi, in the UK to rival Netflix and Disney, marking its first entry into Britain's ad-supported digital TV market, reports the Financial Times. Tubi, which will offer over 20,000 movies and TV episodes, including titles like "Billy Elliot" and "Pacific Rim," will launch in the coming weeks, the paper said. Source: Proactive Investors Tue, 02 Jul 2024 03:40:48 -0400 Sentiment: Positive |
| TUBI ENTERS THE UK STREAMING LANDSCAPE WITH A FREE, DIVERSE AND MASSIVE COLLECTION OF MOVIES AND TV The US and Canada's Most Watched Free TV and Movie Streaming Service Launches in the UK with Market-Leading Content Library of over 20,000 Movies and TV Episodes LONDON , July 1, 2024 /PRNewswire/ -- Tubi ( www.tubi.tv ), Fox Corporation's (NASDAQ: FOXA, FOX) ad-supported streaming service, today announced its launch in the UK. Tubi has built exciting momentum in North America by engaging viewers with a free, personalized streaming service that offers an extensive library of blockbuster movies, popular TV series, and exclusive Tubi Originals. Source: PRNewsWire Mon, 01 Jul 2024 19:00:00 -0400 Sentiment: Neutral |
| Fox poised for earnings acceleration amid improving advertising trends Fox Corp (NASDAQ:FOXA) is well positioned to accelerate its earnings in fiscal 2025, say analysts at Bank of America who have reiterated their ‘Buy' rating on the stock. Ahead of the media and entertainment company's fourth quarter fiscal 2024 earnings report, the analysts wrote in a note to clients that they see Fox benefitting from an improving advertising backdrop and a healthy balance sheet. Source: Proactive Investors Wed, 26 Jun 2024 15:19:14 -0400 Sentiment: Positive |
| FOX News Channel's Gutfeld! to Broadcast Live From Milwaukee at 11 PM/ET During the Republican National Convention NEW YORK--(BUSINESS WIRE)--FOX News Channel's (FNC) Gutfeld! will be live from the Republican National Convention in Milwaukee at 11 PM/ET beginning July 15th through July 18th. Each night of the convention, host Greg Gutfeld, panelist Kat Timpf and three guests will be joined by a live studio audience from the Deer District. A live edition of Gutfeld! will immediately follow FNC's Democracy 24: Republican National Convention special primetime coverage helmed by Bret Baier and Martha MacCallum. Source: Business Wire Tue, 25 Jun 2024 14:38:00 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 32.6335 52 Week Low: 25.7852 Beta: 0.781 50 Day MA: 30.9728 200 Day MA: 28.8346 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.608 Qtr Revenue Growth YOY: -0.156 Forward PE: 7.4129 Trailing PE: 10.1451