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News Corp.(NWSA - Get Report) is a diversified global media company. This stock is trading down 0.5% at $18.39 in recent trading after hitting a 52-week high of $18.66 earlier in the day.
Today's Range: $18.32-$18.66
52-Week Range: $13.38-$18.52
Three-Month Average Volume: 19,583,100
News Corp. has a market cap of $46.3 billion and an enterprise value of $50.62 billion. The stock trades at a trailing price-to-earnings of 18.03 and a forward price-to-earnings of 10.93. Its estimated growth rate for this year is 16.9%, and for next year it's pegged at 21.7%. The current short interest as a percentage of the float for News Corp is very low at 2.2%.
From a technical standpoint, NWSA recently triggered a breakout trade when the stock moved above some past overhead resistance at $18 to $18.24.
Market players should continue to look for long biased trades as long as NWSA can continue its current trend above $18 to $18.24. Any future move below those breakout levels with volume would mean that this recent breakout is a failed technical move.
News Corp., one of TheStreet Ratings'
top-rated media stocks, shows up on a recent list of
7 U.S. Stock Picks for 2012 From Addison Capital. It was also featured recently in "
5 Stocks Hedge Funds Favor for 2012."