Fox Corp Class A (FOXA) underwent various notable financial movements as per a series of announcements. The company experienced a surge in its stock, reaching an all-time high of $44.91, following Q1 earnings beat and an election ad windfall. Concurrently, the corporation posted a promising Q1 2025 report that boasted substantial revenues of $3.56 billion and a net income of $832 million. Financial experts consequently included a higher price target of up to $58 for the company's stock, despite multiple stock sales from trusted groups. At the same time, the company also suffered some downgrades, with Fox stock experiencing a dip in market value due to risks associated with cord-cutting and post-Tucker Carlson viewership declines. Additionally, significant positions of Fox shares were sold by several entities, while others like Worldquant Millennium Advisors LLC and iA Global Asset Management Inc. increased their holdings. Some controversy has also surrounded Fox Corp concerning its dual-class shares and potential merger with News Corp.
Fox Corporation Class A FOXA News Analytics from Thu, 04 Jun 2015 17:56:31 GMT to Sat, 21 Dec 2024 08:31:38 GMT -
Rating 7
- Innovation -1
- Information 5
- Rumor -3
