Shares of Fox Corporation (NASDAQ:FOX) traded today at $51.83, eclipsing its 52-week high. This new high was reached on above average trading volume as 249.3 million shares traded hands, while the average 30-day volume is approximately 934,000 shares.
Fox Corporation has overhead space with shares priced $36.13, or 30.8% below the average consensus analyst price target of $52.20.
Over the past year, Fox Corporation has traded in a range of $19.20 to $40.91 and is now at $36.13.
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.
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