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Updated · MarketWatch · May 6News Corp Cl A stock rises 2.99% and outperforms competitors
8 articles · Updated · MarketWatch · May 6
- The shares closed at $26.20 on Wednesday as the S&P 500 gained 1.46% to 7,365.12 and the Dow rose 1.24% to 49,910.59.
- The gain ended a three-day losing streak, while News Corp Cl A beat Alphabet's Class C and Class A shares and Amazon in the session.
- Trading volume reached 5.9 million, above the 50-day average of 4.3 million, though the stock remained 17.11% below its 52-week high of $31.61.
With conflicting analyst ratings, is News Corp's stock an undervalued AI play or a classic value trap? Can News Corp's 'input provider' strategy outmaneuver tech giants in the generative AI arms race?