tiprankstipranks
Company Announcements

News Corporation Announces US$1 Billion Stock Buy-Back Program

Story Highlights
News Corporation Announces US$1 Billion Stock Buy-Back Program

News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has provided an announcement.

News Corporation has announced a buy-back program involving its Nasdaq-listed Class A and Class B common stocks, with a total repurchase value of up to US$1 billion. This strategic move is aimed at enhancing shareholder value and reflects the company’s confidence in its financial position and future prospects, although it will not involve any ASX-listed CDIs.

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

YTD Price Performance: 3.84%

Average Trading Volume: 158,316

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$26.53B

Find detailed analytics on NWS stock on TipRanks’ Stock Analysis page.

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
1