Walt Disney, News Corp. Stocks Hit 52-Week Highs
NEW YORK i- The stocks of the Walt Disney Co. and Rupert Murdoch's News Corp. hit 52-week highs on Tuesday, a day after CBS Corp. and Comcast shares had set such highs.
Disney's high of $44.50 came during the trading session, but the stock closed down 0.5 percent at $44.15 amid a decline in the broader market late in the day. The closing price gave the company, led by CEO Robert Iger, a market capitalization of $79.1 billion, according to Bloomberg. Its 52-week low in October saw it bottom out at $28.19.
Meanwhile, News Corp.'s Class A stock hit its latest 52-week high of $20.40 before closing up 0.3 percent at $20.25.
The entertainment conglomerate's stock had hit a 52-week low of $13.38 in early August after the phone-hacking scandal erupted again. However, News Corp. shares have recovered in recent months.
CBS Corp. went as high as $32.61 on Tuesday to improve on Monday and set a 52-week high for a second day in a row. Comcast also went as high as $30.41 for a new high before closing down slightly.