Markets Wired

52-Week Low Stocks To Watch : Twenty-First Century Fox Inc (NASDAQ:FOXA), Genuine Parts Co (NYSE:GPC), News Corp (NASDAQ:NWSA)

August 24
08:07 2015

The following stocks (NASDAQ:FOXA, NYSE:GPC and NASDAQ:NWSA) are close to 52-week low. For information, the 52-week low serves as an indicator for potential investors. Investor’s will often determine the 52-week low for a stock when looking at its current price. If the price is near or approaching the 52-week low, investors might consider it a good time to buy because the stock could be undervalued. Also, the market could have overreacted to a company’s bad news. Hence, it is possible that stocks trading near their 52-week low could be worth buying.

Twenty-First Century Fox Inc (NASDAQ:FOXA)(Trend analysis) shares traded close to their lowest level in a year. The Multimedia company’s share price is currently trading 1.38% above its 52-week-low. The 1-year stock price history is in the range of $27.56 – $39.27. Twenty-First Century Fox Inc is currently valued at $56.42 billion. The stock has a 50-day moving average of $32.27 and a 200-day moving average of $33.54.

There are currently thirty-one analysts that cover Twenty-First Century Fox Inc stock. Of those thirty-one, twenty-one have a Buy rating, ten have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $37.56.

The stock closed last trading session at $27.94, down by -2.65%.

Genuine Parts Co (NYSE:GPC)(Trend analysis) shares were traded at $83.43, down by -2.63%, close to the 52-week low of $83.37, with a volume of 886,473 shares against an average volume for the last 3 months of 588,441. This represents a volume multiple of 1

Genuine Parts Co (GPC) current short interest stands at 2.67 million shares. It has decreased by 14% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.47 million shares, the number of days required to cover the short positions stand at 5.7 days.

A recent stock analyst activity consisted of JP Morgan reiterating their Overweight stance on July 21. JP Morgan decreased price target from $102 to $100.

News Corp (NASDAQ:NWSA)(Trend analysis) shares are also trading near the 52-week low of $13.59. The stock closed last trading session at $13.91, down by -2.45%, with a volume of 4,667,040 shares compared to an average volume for the last 3 months of 3,074,750. The year-to-date performance of the stock stands at -20.67%.

News Corp (NWSA) current short interest stands at 11.02 million shares. It has increased by 5% from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 4.22 million shares, the number of days required to cover the short positions stand at 2.7 days.

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About Author

Robert Venne

Robert Venne

Robert Venne is a senior contributor that covers Biopharma companies and health stocks. Prior to joining Markets Wired, Rob was a media analyst at Raymond James.

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