News Corp (NASDAQ:NWSA) announced on Monday that its deputy chief operating officer James Murdoch did not hide a secret iPhone from the United Kingdom media-ethics query started by extensive phone- hacking at its now-defunct News of the World tabloid.
The Independent newspaper reported on Monday that the phone, which is currently the topic of a police query in London, was one of four issued in 2009 to senior executives at News Corp’s British division, News International. The newspaper reported that News Corp’s phone evidence up till now focused on BlackBerry gadgets.
News Corp is attempting to progress from the scandal after the investigation that started previous year exposed damaging e-mails and text messages and a judge handling dozens of related civil cases reported the corporation wiped out proofs.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Time Warner Inc (NYSE:TWX) surged +2.00% to settle at $37.15, The Walt Disney Company (NYSE:DIS) moved up +0.02% to end at $47.10 while Gannett Co., Inc (NYSE:GCI) plunged -0.54% to finish on Monday at $12.90.
News Corp (NASDAQ:NWSA) on June 18, 2012 it increased +0.10% to the closing price of $20.09. The overall volume in the last trading session was 9.72 million shares. Its fifty two week range was $13.38 -$20.70. The total market capitalization remained $46.65 billion.
NWSA is ahead its 52 week low with +51.71% and lagging behind from its 52 week high price with -2.95%. NWSA last month stock price volatility remained 2.27%. In its share capital NWSA has 2.42 billion outstanding shares among them 2.03 billion shares have been floated in market exchange. NWSA stock institutional ownership remained 93.71% while insider ownership included 0.05%.
The stock price of NWSA is moving forward from its 20 days moving average with +3.88% and remote positively from 50 days moving average with +3.58%. NWSA current year earnings per share experienced an addition with +17.66% while its current quarter performance remained -0.51%. Company’s beta coefficient included 1.46. Beta factors measures the amount of market risk associated with market trade.
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