News Corp (NWS) 10/6/09 PriceWatch Alert Up To 15.59% Downside Protection
Posted: Tuesday, October 06, 2009 8:25 AM EDT
By: Market Intelligence Center Staff
News Corp (NasdaqNM: NWS) closed yesterday at $13.47. So far the stock has hit a 52-week low of $5.61 and 52-week high of $14.65. News Corp stock has been showing support around 12.99 and resistance in the 13.87 range. Technical indicators for the stock are Neutral 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 an Apr '10 12.50 covered call (NWS DV) for a net debit in the $11.37 area. That is also the break even stock price for this trade. This covered call has a 193 day duration, provides 15.59% downside protection and a 9.94% assigned return rate for an 18.80% annualized return rate (comparison purposes only). News Corp has a current annual dividend yield of 0.90%. [ATU-Seven Summits Research]
CLICK HERE: FREE News Corp (NWS) Stock ReportSee what our analysts have uncovered about News Corp (NWS).