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An update from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) is now available.
News Corporation has reported a daily update on its share repurchase activity under previously authorised buy-back programs covering its Nasdaq-listed Class A and Class B common stock. The board has authorised up to US$1 billion of repurchases under a 2021 program and a further US$1 billion under a 2025 program, allowing the company, subject to market conditions and other factors, to buy back stock from time to time in the open market or otherwise, while explicitly excluding ASX-listed CDIs from these initiatives; this capital management strategy is designed to reduce the share count and may enhance shareholder value without directly affecting CDI holders on the ASX.
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 securities listed on the ASX and Nasdaq, including Class A and Class B common stock and CHESS Depository Interests (CDIs). Its operations span news and information services, digital real estate, book publishing and subscription video services, targeting consumers and businesses across key English-speaking markets.
Average Trading Volume: 175,804
Technical Sentiment Signal: Hold
Current Market Cap: A$23.04B
See more insights into NWS stock on TipRanks’ Stock Analysis page.