News Corp. Options on the Rise

By: E&P Staff

After closing at a four-month high on Oct. 29, News Corp. shares continued to climb today.

Writing for Bloomberg, Jeff Kearns reports:
The shares rose 1.7 percent to $14.72 as of 9:35 a.m. today in New York, extending this year’s gain to 7.4 percent.

Investors may be betting on a repeat of News Corp.’s February earnings report, which sent the stock up 7.1 percent to $13.67 and preceded a 27 percent rally to a 2010 peak of $16.24 in April, he said.

Read full story here.

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