tiprankstipranks
Company Announcements

News Corporation Announces $1 Billion Stock Buy-back Program

Story Highlights
  • News Corporation is a global media company offering news, book publishing, and digital services.
  • The company plans a $1 billion stock buy-back to enhance shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
News Corporation Announces $1 Billion Stock Buy-back Program

News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) just unveiled an update.

News Corporation has announced a repurchase program for up to $1 billion of its Nasdaq-listed Class A and Class B common stock. This buy-back program, subject to market conditions and stock prices, aims to enhance shareholder value and reflects the company’s confidence in its financial position and future prospects.

More about News Corporation Shs B Chess Depository Interests repr 1 Sh

News Corporation is a diversified media and information services company focused on creating and distributing authoritative and engaging content to consumers and businesses throughout the world. The company operates in various segments including news and information services, book publishing, digital real estate services, and subscription video services.

YTD Price Performance: 3.29%

Average Trading Volume: 165,166

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$26.49B

For an in-depth examination of NWS stock, go to TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App