News Corp. (NASDAQ:NWSA) Chief Digital Officer Jon Miller would leave his post as the firm gets ready to divide its media and entertainment units from its publishing properties.
Mr. Miller would leave his position from his responsibility in September, but he intends to act as an exterior consultant to the firm on digital issues during the autumn of 2013.
Mr. Miller’s exit also arrives at an essential time for big media firms like News Corp., which carry on evaluating their digital policy across film, television and print media.
Other services stocks with bullish trend include Starbucks Corporation (NASDAQ:SBUX) up 0.64% to $48.21, eBay Inc (NASDAQ:EBAY) up 1.40% to $47.46 and The Wendy’s Company (NASDAQ:WEN) up 0.47% to $4.28, whereas with bearish trend include Best Buy Co., Inc. (NYSE:BBY) down -3.50% to $17.38, Yum! Brands, Inc. (NYSE:YUM) down -1.21% to $63.89 and HMS Holdings Corp. (NASDAQ:HMSY) down -4.42% to $33.70.
News Corp (NASDAQ:NWSA) dropped -0.06% or -$0.01 to trading at $23.30 at 11:22AM EDT following it hit intra day high level of $23.32. The total traded volume in the current trading session is 11.14 million shares as compared to average 15.64 million shares. Its fifty two week trading range is $14.72 – $24.05. The total market capitalization reached $55.15 billion.
The stock price was ahead its 52 week low price with 57.78% and it lagged behind -3.87% from its 52 week maximum mark. Stock price volatility for last month remained 1.72%. In its share capital, the company has 2.37 billion outstanding shares out of which 1.97 billion shares have been floated in the market. For now, stock ownership with company’s management remained 0.05%.
NWSA presented a negative weekly performance of -0.85% with respect to its rate of return and it remained 5.57% for the month. However, the performance for a quarter experienced a positive change of 20.28% and it surged 39.83% for a year and its year to date performance remained in green with 31.25%.
Current stock price is in the downbeat territory taking into account of 20 days moving average with -1.09% and continued bullish run for 50 days moving average with +3.63%. Its earning per share for the past twelve months was $0.44. Company’s beta coefficient was at 1.49. Beta measures the amount of market risk associated with market trade.
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