In a remarkable display of market performance, Fox Corporation's stock has reached an all-time high, touching a price level of $54.53. With a market capitalization of $24.7 billion and an impressive perfect Piotroski Score of 9, Fox demonstrates exceptional financial strength, as confirmed by InvestingPro's GREAT Financial Health rating. This milestone underscores a period of significant growth for the media giant, with the stock price doubling over the past year, marking an impressive 100.3% change. Trading at a P/E ratio of 12.12, the stock reflects investors' confidence in Fox's strategic direction and its ability to capitalize on the evolving media landscape, propelling the stock to new heights and setting a robust precedent for its financial future. InvestingPro subscribers can access 13 additional valuable insights about Fox's growth potential and market position.
In other recent news, Fox Corporation announced a significant executive change by appointing John Nallen as President and Chief Operating Officer. Nallen, who has been with the company for over two decades, previously served as Chief Operating Officer and is a member of the Office of the Chairman. His new role comes with a long-term employment agreement extending through June 2028. This strategic move is expected to support Fox Corporation's continued growth and success. Additionally, Fox Sports reported record-breaking viewership numbers for the recent Super Bowl, with 126 million viewers tuning in across various platforms. This marks a new high, surpassing last year's record of 123.7 million viewers. The Super Bowl remains the most-watched annual event on U.S. television. During the broadcast, advertisers paid up to $8 million for a 30-second slot.
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