News Corp. (NWSA) NewsBite - NWSA Falls on Economic Worries
Posted: Friday, July 30, 2010 11:17 AM EDT
By: Market Intelligence Center Staff
News Corp. (NASDAQ: NWSA) opened at $12.76. So far today, the stock has hit a low of $12.48 and a high of $12.92. NWSA is now trading at $12.90, down $0.06 (-0.46%). Over the last 52 weeks the stock has ranged from a low of $10.10 to a high of $17.00. NWSA shares are being pulled down by a disappointing GDP report this morning. The Commerce Department reported that the economy grew at a 2.4 percent pace during the second quarter, below analysts' forecasts of 2.5 percent growth. Technical indicators for the stock are bullish and S&P gives NWSA a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on NWSA the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE News Corp. (NWSA) Stock ReportSee what our analysts have uncovered about News Corp. (NWSA).