Recently, the New York State Teachers Retirement System revealed in a Securities and Exchange Commission (SEC) filing that it sold 16,179 shares (4.2% of stake) during Q4 2022, resulting in its ownership of 373,399 shares, worth $11.3m, in Fox Co. FOXA stocks painted a bullish trend in the past year, until now. This move may come as a surprise to some, but it mirrors the calculated decisions institutional investors make; after all, New York State Teachers Retirement System needs to calibrate its portfolio often. Meanwhile, insider Viet D. Dinh sold 72,207 FOX shares in February at an average price of $35.91, totaling to $2.59m. Though this may signal a negative sentiment towards the company's financial health, it can be viewed positively as investors remain engaged.

FOXA stocks opened at $33.94 last Friday, with a peak of $40.12 in the past few weeks. Investors should keep a close watch on further developments and consider their options, while factoring in personal financial goals and market trends.