New York Times Co. stock trades under the ticker NYT & has shown recent bullish behavior that traders & investors should take a closer look into.
NYT stock closed at $31.74/share on 9/12/2022.
New York Times Co. NYT Stock’s Technical Performance Broken Down
NYT Stock Price: $31.74
10 Day Moving Average: $30.74
50 Day Moving Average: $30.90
200 Day Moving Average: $38.26
RSI: 53.94
MACD: -0.109
Yesterday, NYT stock completed a bullish MACD crossover, as it fell 0.13%.
Their RSI is neutral & recent trading volumes are low, signaling near-term uncertainty in their value by market participants.
They have support at $31.58 & $31.25/share, as they attempt to break out & above the $31.91 & $32.06 resistance levels.
New York Times Co. NYT Stock As A Long-Term Investment
Long-term oriented investors will like NYT stock’s 27.88 P/E (ttm), but they may find their 3.43 P/B (mrq) to be a bit rich.
They recently reported 11.6% Quarterly Revenue Growth Y-o-Y, with 13.7% Quarterly Earnings Growth Y-o-Y.
Their balance sheet reflects $223.25M of Total Cash (mrq).
NYT stock pays a 1.01% dividend, which appears to be stable in the long-run, as their payout ratio is 26.32%.
92.9% of NYT stock’s outstanding share float is owned by institutional investors.
New York Times Co. NYT Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from price movements in NYT stock, while protecting their portfolio from broader market volatility.
I am looking at the contracts with the 10/21 expiration date.
The $31, $28 & $30 call options are all in-the-money, listed from highest to lowest level of open interest.
The $35, $34 & $32 puts are also in-the-money, with the former being more liquid than the latter.
Tying It All Together
NYT stock has many interesting characteristics that traders & investors are sure to like.
Investors will like their dividend yield, as well as their recent growth.
Traders will like their current technical resilience in a volatile market.
Overall, NYT stock is worth taking a closer look into to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF NYT STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***