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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has issued an announcement.
News Corporation has reported a daily update under its existing share repurchase authorizations, covering a buy-back program of up to US$1 billion under its 2021 Repurchase Program and a further US$1 billion under its 2025 Repurchase Program for its Nasdaq-listed Class A and Class B common stock. With 370,544,524 securities on issue in the relevant class, the company plans to conduct purchases in the open market or otherwise, subject to market conditions and stock price, while explicitly excluding ASX-listed CHESS Depositary Interests from these buy-backs, underscoring a continued focus on capital management and potential enhancement of shareholder value in 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 whose shares trade on Nasdaq and as CHESS Depositary Interests on the ASX. It operates across news and information, digital real estate, subscription video and book publishing, with multiple share classes including Class A and Class B common stock that appeal to international investors in media and content businesses.
Average Trading Volume: 156,018
Technical Sentiment Signal: Hold
Current Market Cap: A$22.82B
For an in-depth examination of NWS stock, go to TipRanks’ Overview page.