tiprankstipranks
News Corporation Initiates $1 Billion Stock Buyback
Company Announcements

News Corporation Initiates $1 Billion Stock Buyback

Story Highlights

Invest with Confidence:

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

News Corporation announced a repurchase program for up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. This strategic move is aimed at enhancing shareholder value and optimizing the company’s capital structure, reflecting confidence in its financial health and future prospects.

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

News Corporation is a global diversified media and information services company with a focus on creating and distributing authoritative and engaging content to consumers and businesses worldwide. It operates in various sectors including news, information services, and digital real estate services, with an emphasis on providing high-quality journalism and reliable information.

YTD Price Performance: -1.56%

Average Trading Volume: 117,600

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$25.93B

For a thorough assessment of NWS stock, go to TipRanks’ Stock Analysis page.

Related Articles
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

Latest News Feed

More Articles