Fox Corporation (NASDAQ:FOXA) has seen substantial market movement around its stocks.
JPMorgan Chase & Co., Aviva PLC, Prudential PLC, California Public Employees Retirement System, among other giants, have significant investments in FOXA. Several firms including Paralel Advisors LLC, Capula Management Ltd, Foundry Partners LLC, and Ardmore Road Asset Management LP have increased their shares in Fox. Meanwhile, LSV Asset Management, Alliancebernstein L.P., Prudential Financial Inc., and others have reduced their holdings.
FOX's Q1 and Q2 earnings beat expectations, driving the stock’s surge powered by election ad windfalls. Analysts posit a potential stock rebound thanks to strong value indicators. Looking closer, Fox's ad revenue and viewership records smashed through previous numbers at the Super Bowl LIX, boosting overall standing. Critics, however, have deemed the valuation 'too rich'. In response,
Pete Distad joins as CEO of an upcoming direct-to-consumer service, with Fox planning its own streaming service by end of 2025. Despite facing risk from cord-cutting and viewership decline, Fox has heavy promotions planned and strong strategic investments in place. Despite experiencing a decline post-Tucker Carlson, Fox remains a significant contender as a publicly traded company.
Fox Corporation Class A FOXA News Analytics from Tue, 01 Mar 2016 08:00:00 GMT to Sat, 12 Apr 2025 23:48:29 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor 1
