Market Pulse Archives

Feb. 5, 2021, 10:08 a.m. EST

News Corp.'s stock rallies toward a record after earnings report

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    News Corp Cl B (NWS)
  • X
    S&P 500 Index (SPX)
  • X
    New York Times Co. Cl A (NYT)

or Cancel Already have a watchlist? Log In

By MarketWatch

Shares of News Corp. /zigman2/quotes/204787942/composite NWS +0.38% shot up in 8.6% toward a record high in morning trading Friday, enough to make them the second-biggest gainer among S&P 500 /zigman2/quotes/210599714/realtime SPX +0.36% components, in the wake of the media company's fiscal second-quarter results. The company reported late Thursday its most profitable quarter since its reorganization more than seven years ago, boosted by strength in its Dow Jones unit. Dow Jones is the publisher of MarketWatch, Barron's and The Wall Street Journal. News Corp.'s report follows better-than-expected results from fellow media company New York Times Co. /zigman2/quotes/202090840/composite NYT -0.24% on Thursday. News Corp.'s stock, which has run up 13.4% amid a four-day win streak, had closed at a record $19.62 on Thursday. It has now rallied 53.3% over the past three months, while New York Times shares have have climbed 30.0% and the S&P 500 has gained 10.6% over the same time. New York Times' stock had reached a record close on Jan. 26.

/zigman2/quotes/204787942/composite
US : U.S.: Nasdaq
$ 24.90
+0.10 +0.38%
Volume: 709,539
April 16, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.80%
Market Cap
$15.36 billion
Rev. per Employee
$383,319
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,185.47
+15.05 +0.36%
Volume: 2.21B
April 16, 2021 5:15p
loading...
/zigman2/quotes/202090840/composite
US : U.S.: NYSE
$ 49.06
-0.12 -0.24%
Volume: 1.72M
April 16, 2021 4:00p
P/E Ratio
82.34
Dividend Yield
0.57%
Market Cap
$8.21 billion
Rev. per Employee
$379,498
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.