News Corporation Stock Plunges 12.14% on Morgan Stanley Price Target Cut

Generated by AI AgentAinvest Movers Radar
Monday, Apr 14, 2025 4:43 am ET1min read

News Corporation's Class A Common Stock (NWSA) experienced a significant drop of 12.14% in pre-market trading on April 14, 2025, reflecting a notable shift in investor sentiment.

One of the key factors contributing to the decline in News Corporation's stock price is the recent price target reduction by

. The financial institution lowered its price target for to $37.00, indicating a more cautious outlook on the company's future performance. This adjustment by Morgan Stanley is likely to have influenced investor decisions, leading to the observed drop in stock price.

Additionally, the broader market conditions and sector-specific trends may have played a role in the stock's performance. The telecommunications sector, in which News Corporation operates, has been subject to various market dynamics that could impact investor confidence and stock valuations. These factors, combined with the price target reduction, have likely contributed to the significant pre-market decline in News Corporation's stock price.

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