Fox Corporation stock trades under the ticker FOX & has shown recent bullishness that traders & investors should research further into.
FOX stock closed at $30.98/share on 3/27/2023.
Fox Corporation FOX Stock’s Technical Performance Broken Down
FOX Stock Price: $30.98
10 Day Moving Average: $30.49
50 Day Moving Average: $31.53
200 Day Moving Average: $30.12
RSI: 48.6
MACD: -0.336
Yesterday, FOX stock completed a bullish MACD crossover, gaining +1.97% on the day’s session.
Their RSI is neutral & recent trading volumes have been about average.
FOX stock has support at the $30.64, $30.62 & $30.56/share price levels, with resistance at the $31.44, $31.53 (50 day moving average) & $31.67/share price levels.
Fox Corporation FOX Stock As A Long-Term Investment
Long-term oriented investors will like FOX stock’s 11.07 P/E (ttm) & their 1.39 P/B (mrq).
They recently reported 3.7% Quarterly Revenue Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $4.06B of Total Cash (mrq) & $8.22B of Total Debt (mrq).
FOX stock pays a 1.61% dividend, which appears to be sustainable as their payout ratio is 18.01%.
54.26% of FOX stock’s outstanding share float is owned by institutional investors.
Fox Corporation FOX Stock As A Short-Term Trade Using Options
Traders focused on shorter time horizons can trade options to profit from FOX stock’s price movements, while protecting their portfolios from volatility.
I am looking at the contracts with the 4/21 expiration date.
The $30, $25 & $20 call options are all in-the-money, with the former being more liquid than the latter two strike prices.
The $35 & $40 puts are also both in-the-money, listed from highest to lowest level of open interest.
Tying It All Together
FOX stock has many interesting attributes that traders & investors are sure to find appealing.
Investors will like their valuation metrics, as well as their sustainable dividend.
Traders will like their recent technical performance, but may wish that their options were more liquid.
Overall, it is worth taking a closer look into FOX stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN FOX STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***