Fox Corporation (NASDAQ:FOX) traded at a new 52-week high today of $38.27. So far today approximately 496,000 shares have been exchanged, as compared to an average 30-day volume of 1.9 million shares.
Fox Corp represents the assets not sold to Disney by the predecessor firm, Twenty First Century Fox. The remaining assets include Fox News, the FOX broadcast network, FS1 and FS2, Fox Business, Big Ten Network, 28 owned and operated local television stations of which 17 are affiliated with the Fox Network, and the Fox Studios lot. The Murdoch family continues to control the successor firm, which represents a large-scale bet on the value of live sports and news in the U.S. market.
In the past 52 weeks, shares of Fox Corporation have traded between a low of $19.13 and a high of $38.27 and is now at $38.22, which is 100% above that low price.
Fox Corporation (NASDAQ:FOX) is currently priced 44.4% above its average consensus analyst price target of $21.25.
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