Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest update is out from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ).
News Corporation has notified the ASX of a daily buy-back activity under its previously authorised 2025 Repurchase Program, which covers Nasdaq-listed Class A and Class B common stock. The company clarified that no ASX-listed CDIs will be repurchased under this program, and that the pace and timing of purchases will depend on market conditions, stock price, and other factors.
The board has authorised repurchases of up to an aggregate of US$1 billion in Class A and Class B shares, against a current issued base of 369,105,463 securities in the relevant class. The program is designed as an open-market or otherwise flexible repurchase mechanism, which may support capital management objectives, potentially enhancing earnings per share and returning surplus capital to shareholders over time.
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 company whose primary securities trade on Nasdaq, with additional Chess Depositary Interests listed on the ASX. The group issues Class A and Class B common stock and operates across news, information, and related media services, giving investors access to its capital structure through multiple listing venues.
Average Trading Volume: 165,305
Technical Sentiment Signal: Hold
Current Market Cap: A$18.66B
Find detailed analytics on NWS stock on TipRanks’ Stock Analysis page.