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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has provided an update.
News Corporation has announced a buy-back program, planning to repurchase up to US$1 billion worth of its Class A and Class B common stocks. This strategic move, subject to market conditions and stock prices, aims to optimize the company’s capital structure, potentially enhancing shareholder value. The buy-back will not include any ASX-listed CDIs, indicating a targeted approach towards Nasdaq-listed shares only.
More about News Corporation Shs B Chess Depository Interests repr 1 Sh
News Corporation, a prominent entity within the media and information services industry, primarily focuses on diversified media operations including the distribution of news and entertainment content. The company is listed on Nasdaq, with Class A and Class B common stocks forming a significant part of its market offerings.
YTD Price Performance: 0.30%
Average Trading Volume: 113,529
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$26.24B
See more data about NWS stock on TipRanks’ Stock Analysis page.
