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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has provided an update.
News Corporation has announced an update to its share buy-back program, focusing on repurchasing up to an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock. This buy-back strategy aims to enhance shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share, and offering flexibility in capital management. The program is subject to market conditions, stock price, and other factors, and excludes ASX-listed CDIs, indicating a strategic focus on its Nasdaq listings.
More about News Corporation Shs B Chess Depository Interests repr 1 Sh
YTD Price Performance: 0.61%
Average Trading Volume: 111,505
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$26.46B
See more insights into NWS stock on TipRanks’ Stock Analysis page.
