Fox Corporation (FOX)
27.44 USD -1.90 (-6.48%) Volume: 2.55M
Fox Corporation’s stock price is currently at 27.44 USD, experiencing a significant decrease of -6.48% in this trading session with a trading volume of 2.55M shares. Despite the recent drop, the year-to-date percentage change remains relatively stable at -0.61%, reflecting the overall resilience of FOX stocks in the market.
Latest developments on Fox Corporation
Today’s Fox stock price movements were influenced by a series of key events. A significant drop in Q2 advertising revenue by 20% impacted the company’s earnings, despite hitting Wall Street expectations. However, the launch of a joint sports streaming platform with ESPN and Warner Bros. Discovery, set to debut later this year, has sparked interest among investors. The venture aims to reach “tens of millions” of cord-nevers without undermining the traditional bundle, according to Fox CEO Lachlan Murdoch. Additionally, the company has been making headlines with notable segments and interviews on Fox News, including an interview with Russian President Vladimir Putin by former host Tucker Carlson.
A look at Fox Corporation Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Fox Corporation has a positive long-term outlook, according to Smartkarma Smart Scores. The company scores a 4 out of 5 for value, indicating it is considered to be a good value for investors. This is due to Fox’s strong financial performance and potential for growth in the future.
Additionally, Fox has a score of 3 out of 5 for both dividend and growth. This means that while the company may not have the highest potential for growth, it still offers a stable dividend for investors. Fox also scores a 3 out of 5 for resilience, meaning it is expected to withstand any potential economic downturns.
Lastly, Fox scores a 4 out of 5 for momentum, indicating that the company has strong positive momentum in the market. This can be attributed to its successful production and distribution of news, sports, and entertainment content through various mediums.
Overall, Fox Corporation is a well-established entertainment company with a strong financial foundation and potential for growth. Its ability to adapt to changing market conditions and consistently produce quality content makes it a promising investment for the long-term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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