Dow Today – News Corp Cl A stock falls Thursday, underperforms market
Shares of News Corp Cl A
shed 1.80% to $21.77 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
falling 0.72% to 4,667.45 and Dow Jones Industrial Average
falling 0.00% to 35,754.69. The stock’s fall snapped a five-day winning streak. News Corp Cl A closed $6.20 short of its 52-week high ($27.97), which the company achieved on May 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Thomson Reuters Corp.
fell 1.24% to $120.47, RELX PLC ADR
fell 0.56% to $31.87, and New York Times Co. Cl A
fell 2.95% to $45.44. Trading volume (2.5 M) remained 681,643 below its 50-day average volume of 3.2 M.