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The latest announcement 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 relating to its Nasdaq-listed Class A common stock, underlining the company’s ongoing capital management strategy across its dual-listed structure. The company is operating under a previously authorised US$1 billion repurchase program from 2021 and an additional US$1 billion program authorised in 2025, allowing it to repurchase up to US$2 billion of Class A and Class B common stock in aggregate, but explicitly excluding any ASX-listed CDIs from these programs, which may affect liquidity and capital allocation perceptions differently across its US and Australian investor bases.
The most recent analyst rating on (AU:NWS) stock is a Hold with a A$49.00 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 whose securities trade on the ASX under the code NWS and on Nasdaq, with separate classes of common stock and Chess Depository Interests (CDIs) in Australia. Its operations span news publishing, digital media and related content businesses, giving it broad exposure to advertising, subscription and information markets in multiple regions.
Average Trading Volume: 160,795
Technical Sentiment Signal: Hold
Current Market Cap: A$23.01B
For a thorough assessment of NWS stock, go to TipRanks’ Stock Analysis page.