US stock futures inch lower after Wall St marks fresh records on tech gains
Fox Corporation’s Class B stock reached an all-time high of $55.16, marking a significant milestone for the media giant. According to InvestingPro data, the company boasts a perfect Piotroski Score of 9, indicating exceptional financial strength, while analysts have set price targets ranging from $60 to $65. This achievement underscores a robust year for the company, with its stock experiencing a remarkable 43.57% increase over the past 12 months. The surge in stock price reflects investor confidence and strong performance across Fox’s various media segments, supported by impressive financial metrics including a healthy current ratio of 2.91 and moderate debt levels. As the company continues to navigate the evolving media landscape, this all-time high demonstrates its ability to capitalize on growth opportunities and deliver value to its shareholders. For deeper insights into FOX’s valuation and growth potential, including 8 additional exclusive ProTips, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Fox Corporation has launched its new streaming service, FOX One, offering live and on-demand access to its news, sports, and entertainment content for $19.99 per month or $199.99 annually. The service, which includes a 7-day free trial, aims to attract the estimated 65 million U.S. households outside the traditional cable ecosystem. Customers will also have the option to bundle FOX One with ESPN DTC Unlimited for $39.99 monthly starting October 2. In a separate development, Fox Corporation has appointed Puja Vohra as Chief Marketing Officer and Executive Vice President of Advertising Sales. Vohra, who will report to Jeff Collins, will lead the development and execution of advertising sales marketing strategies across FOX’s portfolio. Her role will involve unifying messaging and positioning the collective value proposition of FOX’s offerings, as well as equipping sales teams to market the full spectrum of content effectively. These recent developments highlight Fox Corporation’s efforts to expand its digital presence and strengthen its marketing strategies.
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