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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has shared an update.
News Corporation has announced a buy-back program involving its Nasdaq-listed Class A and Class B common stock. The company has authorized an additional US$1 billion for the 2025 Repurchase Program, following a similar authorization in 2021. This move is part of the company’s strategy to manage its capital structure and enhance shareholder value, although it will not involve ASX-listed CDIs. The buy-back will be conducted subject to market conditions and other factors, indicating a flexible approach to its execution.
The most recent analyst rating on (AU:NWS) stock is a Hold with a A$55.00 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 operates in the media and information services industry, offering a range of products and services including news and information, book publishing, digital real estate services, and subscription video services. The company is focused on leveraging its diverse portfolio to cater to a global audience, with a significant presence in both traditional and digital media markets.
Average Trading Volume: 165,662
Technical Sentiment Signal: Buy
Current Market Cap: A$27.35B
See more data about NWS stock on TipRanks’ Stock Analysis page.