News Corporation Announces $1 Billion Stock Buy-Back Program

The latest update is out from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ).

News Corporation has announced a buy-back program for its Nasdaq-listed Class A and Class B common stock, with plans to repurchase up to an aggregate of US$1 billion. This move is part of a strategic effort to manage the company’s capital structure and enhance shareholder value, reflecting confidence in its financial position and future prospects. The buy-back will not include ASX-listed CDIs and will be conducted based on market conditions and stock prices.

The most recent analyst rating on (AU:NWS) stock is a Buy with a A$48.70 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 diversified media and information services company that operates in various segments, including news and information services, book publishing, digital real estate services, and subscription video services. The company is known for its global reach and influence, with a focus on delivering content across multiple platforms to a wide audience.

Average Trading Volume: 158,840

Technical Sentiment Signal: Buy

Current Market Cap: A$25.35B

For detailed information about NWS stock, go to TipRanks’ Stock Analysis page.