An announcement 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 Class A and Class B common stock, with plans to repurchase up to an aggregate of US$1 billion. This move is part of a strategic effort to manage the company’s capital structure and is expected to impact the company’s stock market performance positively. The buy-back will be conducted in the open market or otherwise, depending on market conditions and stock prices, although it will not include ASX-listed CDIs.
More about News Corporation Shs B Chess Depository Interests repr 1 Sh
News Corporation is a prominent player in the media industry, known for its diverse range of services including news and information services, book publishing, digital real estate services, and cable network programming. The company has a significant market presence, particularly in the United States and Australia, and is listed on the Nasdaq and ASX stock exchanges.
YTD Price Performance: -2.90%
Average Trading Volume: 206,907
Technical Sentiment Signal: Sell
Current Market Cap: A$23.63B
For detailed information about NWS stock, go to TipRanks’ Stock Analysis page.