Fox Corporation (Class A) (FOXA)
Communication Services5 articles
Price chart
Why is FOXA moving today?
+0.3%FOXA is +0.3% today, inside the ordinary range for a session (under 3%). No stories about it reached the feed in the last 24 hours.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of 2 days ago
Fox Corporation (Class A) (FOXA) overview
Fox Corporation is a media company operating Fox News, Fox Sports, and the Fox broadcast network. Class A shares (FOXA) carry voting rights.
FOXA is a member of the S&P 500. It sits in the Communication Services sector. That sector covers media, entertainment, telecom and interactive companies that connect and inform people.
Fox Corporation (Class A) trades on the NasdaqGS under the ticker symbol FOXA. The most recent market data puts the share price at about $64.15. That is up 0.27% on the session. At that price the company is worth roughly $27.05B.
Over the past 52 weeks, FOXA has traded between $48.34 and $76.39. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 16.7. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns. FOXA also pays a dividend. It yields around 0.90% at the current price.
Key statistics
Source: Yahoo Finance - quote as of 2 days ago
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch FOXA
FOXA is one of the larger names in the Communication Services sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each FOXA story as it breaks, and tags it bullish, bearish or neutral.
What moves FOXA
- Earnings. FOXA reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from FOXA.
- Sector news. Communication Services stocks often move together, so a rival's news can move FOXA too.
Market Mood
Latest FOXA news
Fox (FOXA) Executive Lachlan Murdoch Sells $10.2M in Shares
Lachlan Murdoch, the executive chair of Fox Corporation (FOXA), sold shares worth $10.2 million. This sale likely reflects his investment strategy, but no specific details were provided regarding the implications of the sale for the company's future plans or stock performance. Fox has not issued any formal comments about this share sale. Such transactions can indicate insider sentiment and potentially impact investor confidence in the stock. Ordinary investors should note that significant insider sales can affect market perceptions and the stock's future price movements.
Read More: Fox (FOXA) Executive Lachlan Murdoch Sells $10.2M in Shares
JPMorgan Upgrades Fox (FOXA) Stock Based on World Cup Outlook
JPMorgan has upgraded Fox Corporation's stock (FOXA), citing positive expectations related to the upcoming World Cup and the recent deal with Roku. This upgrade highlights the potential for increased viewership and advertising revenue during the World Cup, a significant event for the company. The upgrade reflects optimism about Fox's strategic partnerships that may enhance its market performance. This matters for investors as it indicates potential growth in Fox's stock value amidst key sporting events that drive viewer engagement and ad sales.
Read More: JPMorgan Upgrades Fox (FOXA) Stock Based on World Cup Outlook
Fox (FOXA) Acquires Roku at $22 Billion Valuation
Fox Corporation (FOXA) is set to acquire Roku, a leading streaming device maker, for a total valuation of $22 billion. This acquisition marks a significant move in the media landscape, focusing on integrating streaming technologies. The deal reflects a trend in media mergers and acquisitions shifting from content to technology control, potentially impacting both companies' market positions. Analysts suggest that this move could reshape the landscape for streaming services and free access to content.
Read More: Fox (FOXA) Acquires Roku at $22 Billion Valuation
Fox to Acquire Roku for $22 Billion, Stock Movement Observed
Fox Corp. (FOXA) has announced it will acquire Roku (ROKU) for approximately $22 billion, equating to $160 per share. Following the announcement, Fox's stock fell by about 13% in premarket trading, while Roku's stock increased by around 2%. This acquisition aims to merge Fox's existing news and sports channels with Roku's streaming capabilities. Previously, Fox made a significant acquisition in 2020, purchasing Tubi for $440 million, indicating its strategy to enhance its streaming portfolio amid market changes.
Read More: Fox to Acquire Roku for $22 Billion, Stock Movement Observed
Fox Corporation (FOXA) to Acquire Roku for $22 Billion Deal
Fox Corporation (FOXA) has agreed to acquire Roku (ROKU) for $160 per share, valuing the streaming platform at approximately $22 billion. The transaction involves $96 in cash and 0.9693 shares of Fox Class A common stock per Roku share, a premium of 11.4% over Roku's last closing price. The deal is set to be funded through new debt and cash, with $12 billion in bridge financing secured by Morgan Stanley. Upon completion, Fox shareholders are expected to hold 73% of the combined entity, with significant anticipated cost synergies of approximately $400 million by the second year after closing.
Read More: Fox Corporation (FOXA) to Acquire Roku for $22 Billion DealMore Communication Services stocks
Frequently asked questions
Is Fox Corporation (Class A) in the S&P 500?
Yes. Fox Corporation (Class A) trades as FOXA and is a member of the S&P 500. The index lists it in the Communication Services sector.
What sector is FOXA in?
FOXA sits in the Communication Services sector of the S&P 500.
Where can I find the latest FOXA news?
Right here. This page collects recent FOXA news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is Fox Corporation (Class A)'s stock price?
FOXA last traded at about $64.15. Prices move all through the session, so this is the latest quote rather than a live one.
What is Fox Corporation (Class A)'s market cap?
FOXA is worth roughly $27.05B. Market cap is the share price times the number of shares outstanding.
What is FOXA's P/E ratio?
FOXA trades at a trailing P/E ratio of about 16.7. The ratio compares the share price with earnings per share over the past year.