The Executive Chairman of Fox Corp. Rupert Murdoch bought $ 21.2 million worth of shares for a week after buying a similar amount "in error" and then selling it quickly.
According to the latest series of SEC files, the company revealed on Friday that Murdoch bought 600,000 shares in Fox Corp., which ended the week at $ 34.96. The purchase price of Murdoch's stock was $ 35.29. On 5, 6 and 7 June, according to a different filing, Murdoch had bought the same number of shares on average at $ 34.27. The SEC document explains that the shares were "bought in error, the purchase of which was considered unintentional and the shares sold were immediately sold." The sale price was $ 34.04. buying and selling, that was not the aim of Fox's 88-year patriot, he explained. "Any short-term gains from the erroneous purchase and subsequent sale will be returned to the issuer," he said.
One Fox representative did not respond immediately to the deadline for comments on Saturday. maintains that Fox's stocks are underestimated. The company, which sells two-thirds of itself (under its former identity as Disney's 21