News Corp (NWS) 11/5/09 PriceWatch Alert Down To $11.45 Break Even
Posted: Thursday, November 05, 2009 8:31 AM EDT
By: Market Intelligence Center Staff
News Corp (NasdaqNM: NWS) closed yesterday at $13.65. So far the stock has hit a 52-week low of $5.61 and 52-week high of $15.24. News Corp stock has been showing support around 13.18 and resistance in the 14.18 range. Technical indicators for the stock are Bearish 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 $11.45 area. That is also the break even stock price for this trade. This covered call has a 163 day duration, provides 16.12% downside protection and a 9.17% assigned return rate for a 20.53% 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).