Fox news stock
You're looking for the stock performance of Fox News!
Fox News is a subsidiary of Fox Corporation (NASDAQ: FOXA), a media conglomerate that operates a range of television networks, including Fox News, Fox Sports, and others.
Here's a brief overview of Fox News' stock performance:
Historical Performance:
- Fox Corporation (FOXA) went public on March 19, 2019, with an initial public offering (IPO) price of $38.00 per share.
- Since then, the stock has experienced significant volatility, with prices ranging from around $20 to over $60 per share.
- As of March 2023, the stock is trading around $45 per share.
Recent Performance:
- Over the past 12 months, Fox Corporation's stock has increased by around 15%.
- In the past 6 months, the stock has been relatively stable, with a slight decline of around 5%.
- In the past month, the stock has experienced a slight increase of around 2%.
Key Factors Affecting Stock Performance:
- Fox News' ratings and viewership: Fox News is one of the most-watched cable news networks in the United States. Strong ratings and viewership can positively impact the stock's performance.
- Competition from other media outlets: Fox News faces competition from other cable news networks, such as CNN and MSNBC. Strong performances from these networks can negatively impact Fox News' ratings and stock performance.
- Political and social trends: Fox News is often associated with conservative politics, and changes in political and social trends can impact the network's ratings and stock performance.
- Regulatory environment: Changes in regulatory environments, such as changes to media ownership rules or antitrust laws, can impact Fox Corporation's stock performance.
Analyst Estimates:
- According to Refinitiv, the average 12-month price target for Fox Corporation's stock is around $52.50 per share.
- The highest price target is around $65 per share, while the lowest is around $40 per share.
Please keep in mind that stock performance can be influenced by a wide range of factors, and it's always important to do your own research and consider your own risk tolerance before making any investment decisions.