Bubble Wrap maker Sealed Air surges on report of buyout talks
Steven Tomsic, Chief Financial Officer of Fox Corp (NASDAQ:FOX), sold 138,397 shares of Class A Common Stock on November 10, 2025, for approximately $9.2 million. The shares were sold at an average price of $66.54, with individual sales prices ranging from $66.29 to $66.79. The transaction comes as FOX trades near its 52-week high of $60.54, having delivered impressive returns of nearly 30% over the past six months and 46% over the past year.
On the same day, Tomsic also exercised options to acquire 70,091 shares and 68,306 shares of Class A Common Stock at exercise prices of $40.26 and $36, respectively, totaling $5.2 million. FOX currently maintains a strong financial position with a perfect Piotroski Score of 9 and a "GREAT" overall financial health rating according to InvestingPro analysis.
Following these transactions, Tomsic directly owns 180,556 shares of Fox Corp Class A Common Stock. With a current market capitalization of $29.5 billion and trading at a P/E ratio of 14.8, FOX is currently trading close to its Fair Value based on InvestingPro calculations. Investors can access 12 more exclusive ProTips and comprehensive analysis in the Pro Research Report available for FOX and 1,400+ other US equities.
In other recent news, Fox Corporation has been involved in several notable developments. The Murdoch family trusts announced plans to sell approximately 16.8 million shares of Fox Corporation’s Class B common stock, with the trusts established for Prudence MacLeod, Elisabeth Murdoch, and James Murdoch set to receive all proceeds from the sale. Fox Corporation will not sell any shares or receive any proceeds from this transaction. Additionally, the Murdoch family has resolved legal proceedings related to the Murdoch Family Trust, resulting in Prudence MacLeod, Elisabeth Murdoch, and James Murdoch no longer being beneficiaries in any trust holding shares in Fox or News Corporation. New trusts are being established for Lachlan Murdoch, Grace Murdoch, and Chloe Murdoch.
In a separate development, Tubi Media Group, a subsidiary of Fox Corporation, has entered into a multi-year partnership with Audiochuck, granting Tubi exclusive distribution and advertising sales rights for popular podcasts such as Crime Junkie. The agreement also includes plans to develop a Crime Junkie FAST Channel for distribution across Fox’s streaming platforms and third-party platforms. These recent developments reflect ongoing strategic moves by Fox Corporation and its subsidiaries.
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