Twenty-First Century Fox (FOXA) Jumps: Stock Moves Up 7.2%
Twenty-First Century Fox, Inc. FOXA was a big mover last session, as the company saw its shares rise over 7% on the day. The upside was driven after the company announced better-than-expected first-quarter fiscal 2017 results. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. This continues the recent uptrend for the company, as the stock is now up 12% in the past one-month time frame.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate moved lower, suggesting more solid trading ahead. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
FOXA has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the broader sector is Acacia Research Corporation ACTG sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is FOXA going up? Or down? Predict to see what others think: Up or Down
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