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Henry Khederian

Fox Stock Extends Losses After Murdoch Share Sale Announcement

Konskie,,Poland,-,January,27,,2024:,Fox,Corporation,Company,Logo

Fox Corp (NASDAQ:FOX) (NASDAQ:FOXA) shares are trading lower Wednesday afternoon, extending weakness that began after the company’s major announcements late Monday.

What To Know: The lingering pressure on the stock follows the pricing of a secondary offering of nearly 16.9 million Class B common shares at $54.25 per share. Fox will not receive any proceeds, as the shares are being sold by trusts connected to James Murdoch, Elisabeth Murdoch and Prudence MacLeod.

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