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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has provided an announcement.
News Corporation has notified the ASX of a daily buy-back of its Class B common stock CDIs, linked to a broader repurchase program covering its Nasdaq-listed Class A and Class B shares. Under these programs, the company is authorised to repurchase up to US$1 billion of stock under a 2021 repurchase program and an additional US$1 billion under a 2025 repurchase program, targeting its U.S.-listed shares in the open market or otherwise, while explicitly excluding ASX-listed CDIs from being bought back, a move that may influence capital management, share count, and value for holders of its U.S.-listed equity.
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, with operations spanning news and information publishing, digital media, and related content businesses. Its equity is listed on Nasdaq, with separate Class A and Class B common stock, and Chess Depositary Interests (CDIs) quoted on the ASX representing its shares for Australian investors.
Average Trading Volume: 156,018
Technical Sentiment Signal: Hold
Current Market Cap: A$22.82B
Learn more about NWS stock on TipRanks’ Stock Analysis page.