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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has issued an update.
News Corporation has reported a daily update under its previously authorised 2025 Repurchase Program covering its Nasdaq-listed Class A and Class B common stock. The company has confirmed that this program allows for the repurchase of up to US$1 billion of stock, but explicitly excludes any buy-back of ASX-listed Chess Depositary Interests.
The filing reiterates that any repurchases will be executed from time to time in the open market or otherwise, subject to market conditions, share price and other factors. The program provides the company with flexibility to adjust its capital structure and potentially enhance shareholder returns by reducing the number of common shares outstanding in its primary U.S.-listed classes.
The most recent analyst rating on (AU:NWS) stock is a Hold with a A$42.00 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, best known for its news, publishing and digital real estate assets. It is listed on Nasdaq and ASX, with separate Class A and Class B common stock structures that trade primarily in the U.S. market while Chess Depositary Interests represent its shares on the ASX.
Average Trading Volume: 225,494
Technical Sentiment Signal: Hold
Current Market Cap: A$19.58B
See more insights into NWS stock on TipRanks’ Stock Analysis page.