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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 Nasdaq-listed Class A and Class B common stock, amounting to up to US$1 billion, indicating confidence in its financial position and a strategic move to enhance shareholder value. The program, which does not include ASX-listed CDIs, will be executed based on market conditions and stock prices, potentially impacting the company’s market positioning by reducing the number of outstanding shares and possibly increasing earnings per share.
More about News Corporation Shs B Chess Depository Interests repr 1 Sh
News Corporation operates in the media and information services industry. The company offers a range of products and services including news and information, book publishing, digital real estate services, and subscription video services, focusing on delivering content across various platforms and markets.
YTD Price Performance: 9.84%
Average Trading Volume: 142,638
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$27.93B
Learn more about NWS stock on TipRanks’ Stock Analysis page.
