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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) just unveiled an update.
News Corporation has updated the market on its ongoing share repurchase initiatives, confirming that it may buy back up to US$1 billion of Nasdaq-listed Class A and Class B common stock under its 2021 repurchase program and an additional US$1 billion under its 2025 repurchase program. The combined US$2 billion authorization, which explicitly excludes ASX-listed CDIs, is intended to be executed over time in the open market or via other avenues and represents a substantial capital management measure that could reduce the company’s share count, potentially enhancing per‑share metrics and signaling confidence in its long‑term value to investors.
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 shares trade on multiple exchanges, including Nasdaq and the ASX. The company issues two main equity classes, Class A and Class B common stock, and also has CHESS Depositary Interests (CDIs) listed on the ASX, though these CDIs are not included in its current repurchase initiatives.
Average Trading Volume: 176,333
Technical Sentiment Signal: Hold
Current Market Cap: A$23.14B
For detailed information about NWS stock, go to TipRanks’ Stock Analysis page.