NWS 0.14% $41.49 news corporation..

my experiment

  1. 301 Posts.
    Im a holder of NWS and have been a little disappointed with the recent softness in the share price expecially given the strength of the ASX. Im a bit baffled as to which market drives the price. Generally if the US has a strong day, the NWS in aussie with gap up & obviously vice versa. This would lead me to believe that the NWS in the ASX is merely a mirror of the US market price adjusted for currency movement. But this view would mean suggestions such as the inclusion in ASX indicies will support/drive up demand because of the need for local managers to buy the stock is false as this is happening locally & not in the US. NWS was down 0.39c last night & therefore one would assume this would mean a price sub $28 in Aus on Monday. I currently see strong support for NWS at $28 so this is the test. Should the price close below $28 I reckon my original proposition seems to hold. Should NWS hold at $28 - well then I reckon other forces are at play & will restore my hope that the AUS market is having some say in NWS fortunes.
 
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Last
$41.49
Change
-0.060(0.14%)
Mkt cap ! $1.174B
Open High Low Value Volume
$41.57 $41.57 $41.27 $5.079M 122.5K

Buyers (Bids)

No. Vol. Price($)
1 96 $41.44
 

Sellers (Offers)

Price($) Vol. No.
$41.50 6500 2
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
NWS (ASX) Chart
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