News Corp (NWS) 10/8/09 PriceWatch Alert Up To 16.08% Return
Posted: Thursday, October 08, 2009 8:04 AM EDT
By: Market Intelligence Center Staff
News Corp (NasdaqNM: NWS) closed yesterday at $13.68. 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 13.36 and resistance in the 14.00 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 an Apr '10 12.50 covered call (NWS DV) for a net debit in the $11.53 area. That is also the break even stock price for this trade. This covered call has a 191 day duration, provides 15.72% downside protection and an 8.41% assigned return rate for a 16.08% annualized return rate (comparison purposes only). News Corp has a current annual dividend yield of 0.89%. [THA-Seven Summits Research]
CLICK HERE: FREE News Corp (NWS) Stock ReportSee what our analysts have uncovered about News Corp (NWS).