News Corporation NWSA was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $13.62 to $14.36 in the past one month time frame.
The move came after the company reported stronger-than-expected first-quarter 2018 results.
Though the company has seen one negative estimate revision over the past few weeks, the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
News Corporation currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
News Corporation Price
News Corporation Price | News Corporation Quote
Another stock worth considering in the Film and Television Production and Distribution industry is Imax Corporation IMAX which carries a Zacks Rank #2.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is NWSA going up? Or down? Predict to see what others think: Up or Down
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