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

An update from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) is now available.

News Corporation has announced a buy-back program for its Nasdaq-listed Class A and Class B common stock, with a total repurchase value of up to US$1 billion. This strategic move is expected to enhance shareholder value and reflects the company’s confidence in its financial position, potentially impacting its market standing and offering positive implications for stakeholders.

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

News Corporation is a prominent player in the media industry, primarily focusing on news and information services. It operates through various platforms, including digital real estate services, subscription video services, and book publishing, catering to a global audience.

YTD Price Performance: 5.13%

Average Trading Volume: 163,041

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$26.57B

See more data about NWS stock on 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