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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 notified the ASX of a daily buy-back under its previously authorised 2025 Repurchase Program, targeting its Nasdaq-listed Class A and Class B common stock. The company has 141,305,385 securities on issue in the relevant class and may repurchase up to an aggregate of US$1 billion of its common stock.
The repurchases will be conducted from time to time in the open market or otherwise, subject to market conditions, stock price and other factors, and will not include any ASX-listed CDIs. The program underscores News Corporation’s ongoing capital management strategy and may support earnings per share and shareholder value by reducing the free float of its U.S.-listed shares.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$50.00 price target. To see the full list of analyst forecasts on News Corporation Shs B Chess Depository Interests repr 1 Sh stock, see the AU:NWS Stock Forecast page.
More about News Corporation Shs B Chess Depository Interests repr 1 Sh
News Corporation is a global media and information services company with Class A and Class B common stock listed on Nasdaq and Chess Depositary Interests traded on the ASX. The company operates across news, publishing and related digital media businesses, providing content and services to consumers and advertisers in multiple markets.
Average Trading Volume: 263,195
Technical Sentiment Signal: Hold
Current Market Cap: A$21.18B
See more data about NWS stock on TipRanks’ Stock Analysis page.