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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) just unveiled an update.
News Corporation, under the ASX issuer code NWS, announced a buy-back program for its Nasdaq-listed Class A and Class B common stock. The company plans to repurchase up to US$1 billion worth of shares depending on market conditions, excluding any ASX-listed CDIs from this buy-back effort. This move signifies an attempt to consolidate share value and potentially improve the company’s market position by reducing the number of outstanding shares.
More about News Corporation Shs B Chess Depository Interests repr 1 Sh
YTD Price Performance: 10.65%
Average Trading Volume: 140,164
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$28.43B
Learn more about NWS stock on TipRanks’ Stock Analysis page.
