News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has issued an announcement.
News Corporation has announced a repurchase program for up to an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock. This buy-back, which does not include ASX-listed CDIs, is subject to market conditions and stock prices, and aims to enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share and providing a return of capital to shareholders.
More about News Corporation Shs B Chess Depository Interests repr 1 Sh
News Corporation is a global media and information services company, primarily engaged in the creation and distribution of authoritative and engaging content to consumers and businesses throughout the world. The company operates in various segments including news and information services, book publishing, digital real estate services, and subscription video services.
YTD Price Performance: -9.69%
Average Trading Volume: 195,864
Technical Sentiment Signal: Sell
Current Market Cap: A$24.16B
Learn more about NWS stock on TipRanks’ Stock Analysis page.