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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has provided an announcement.
News Corporation has disclosed a daily update to its 2025 Repurchase Program, under which it is authorized to buy back up to an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock. The company holds 141,138,786 Class B securities on issue in the class covered by this particular notification.
The repurchases will occur from time to time in the open market or otherwise, subject to market conditions, share price, and other factors, and will not include ASX-listed CDIs. This capital management initiative is likely aimed at optimizing the company’s balance sheet and share structure, potentially enhancing earnings per share and signalling confidence in its long-term value to equity investors.
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 operations spanning news and information publishing, digital media, and related content businesses. Its equity is listed in multiple markets, including Nasdaq in the U.S. and as CHESS Depositary Interests on the ASX, with separate Class A and Class B common stock structures.
Average Trading Volume: 256,412
Technical Sentiment Signal: Hold
Current Market Cap: A$21.32B
Find detailed analytics on NWS stock on TipRanks’ Stock Analysis page.