Media coverage about News (NASDAQ:NWS) has trended extremely negative this week, InfoTrie reports. The research firm rates the sentiment of news coverage by monitoring more than 6,000 blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. News earned a daily sentiment score of -4.37 on their scale. InfoTrie also assigned media stories about the company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted News’ analysis:
- What is Big Ten’s football plan amid coronavirus? Schedule format will be telling for Rutgers (nj.com)
- Russia says it will begin mass vaccination campaign against COVID-19 in October (upi.com)
- Peace prevails as protesters gather to chalk sidewalks at Omaha Police headquarters (omaha.com)
- GOP: Renomination of Trump to be held in private (abcnews.go.com)
- Brewers centerfielder Lorenzo Cain decides to opt out of remainder of 2020 season (jsonline.com)
Separately, BidaskClub raised shares of News from a “sell” rating to a “hold” rating in a research report on Wednesday, April 29th.
News (NASDAQ:NWS) last released its earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01. News had a negative net margin of 9.66% and a positive return on equity of 1.96%. The business had revenue of $2.27 billion for the quarter.
In related news, General Counsel David B. Pitofsky sold 11,433 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $13.26, for a total value of $151,601.58. Following the transaction, the general counsel now owns 22,866 shares in the company, valued at $303,203.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 39.40% of the company’s stock.
News Company Profile
News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.
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