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Adam G. Ciongoli, the Chief Legal and Policy Officer of Fox Corp (NASDAQ:FOX), reported the sale of company shares totaling $69,178. The transactions, disclosed in a recent SEC filing, involved the sale of 1,278 shares of Class A Common Stock at a price of $54.13 per share. The sale price was notably close to Fox Corp’s 52-week high of $52.54, with the stock showing remarkable strength through a 78% return over the past year. According to InvestingPro analysis, the company’s stock is currently trading near its Fair Value. Following these transactions, Ciongoli holds 29,897 shares directly. The shares were sold indirectly by trust, with Ciongoli acting as a trustee for certain trusts benefiting immediate family members, although he disclaims any pecuniary interest in them. Fox Corp maintains a strong financial position with an "GREAT" Financial Health score according to InvestingPro, which offers 13 additional valuable insights about the company in its comprehensive Pro Research Report, available to subscribers.
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