Media company News Corp. is reportedly nearing an agreement to acquire the consumer division of educational publisher Houghton Mifflin Harcourt Co.
A Wall Street Journal report ,citing people familiar with the matter, mentioned that the deal could be announced as early as Monday. The agreement would add a portfolio of novels from authors such as George Orwell, Philip Roth and J.R.R. Tolkien to News Corp’s HarperCollins Publishers division.
News Corp, in addition to HarperCollins, owns Wall Street Journal publisher Dow Jones & Co. and news organizations in the U.K. and Australia, among other assets. The company is looking to expand in books, digital real estate, and the Dow Jones unit, a person familiar with the matter said (according to the WSJ report).
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where NWS advanced for three days, in of 313 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 12, 2023. You may want to consider a long position or call options on NWS as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for NWS just turned positive on May 12, 2023. Looking at past instances where NWS's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
NWS moved above its 50-day moving average on May 12, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day RSI Indicator for NWS moved out of overbought territory on May 16, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 similar instances where the indicator moved out of overbought territory. In of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NWS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
NWS broke above its upper Bollinger Band on May 12, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for NWS entered a downward trend on May 11, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.339) is normal, around the industry mean (4.164). P/E Ratio (40.984) is within average values for comparable stocks, (73.786). NWS's Projected Growth (PEG Ratio) (13.336) is very high in comparison to the industry average of (2.625). Dividend Yield (0.011) settles around the average of (0.059) among similar stocks. P/S Ratio (1.086) is also within normal values, averaging (111.483).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NWS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock slightly better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of publishing services
Industry MoviesEntertainment
A.I.dvisor indicates that over the last year, NWS has been closely correlated with NWSA. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if NWS jumps, then NWSA could also see price increases.
Ticker / NAME | Correlation To NWS | 1D Price Change % | ||
---|---|---|---|---|
NWS | 100% | +2.16% | ||
NWSA - NWS | 99% Closely correlated | +2.08% | ||
DIS - NWS | 64% Loosely correlated | +0.72% | ||
FOX - NWS | 60% Loosely correlated | -0.03% | ||
NXST - NWS | 58% Loosely correlated | +0.89% | ||
FOXA - NWS | 57% Loosely correlated | +0.35% | ||
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