News Corp (NWS) 12/31/09 PriceWatch Alert With 13.35% Downside Protection
Posted: Thursday, December 31, 2009 8:42 AM EDT
By: Market Intelligence Center Staff
News Corp (NASDAQ: NWS) closed yesterday at $16.11. So far the stock has hit a 52-week low of $5.61 and 52-week high of $16.22. News Corp stock has been showing support around 15.86 and resistance in the 16.24 range. Technical indicators for the stock are Bullish and S&P gives NWS a neutral 3 STAR (out of 5) hold rating. NWS appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jul '10 15 covered call for a net debit in the $13.96 area. That is also the break even stock price for this trade. This covered call has a 198 day duration, provides 13.35% downside protection and a 7.45% assigned return rate for a 13.73% annualized return rate (comparison purposes only). News Corp has a current annual dividend yield of 0.76%. [THA-Seven Summits Research]
CLICK HERE: FREE News Corp (NWS) Stock ReportSee what our analysts have uncovered about News Corp (NWS).