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The latest update is out from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ).
News Corporation has announced a repurchase program to buy back up to US$1 billion of its Nasdaq-listed Class A and Class B common stock, subject to market conditions and other factors. This strategic move is expected to enhance shareholder value by reducing the number of shares outstanding, thereby potentially increasing the value of remaining shares and demonstrating the company’s confidence in its future performance.
More about News Corporation Shs B Chess Depository Interests repr 1 Sh
News Corporation is a diversified multinational media and information services company that operates across a range of segments, including news and information services, cable network programming, book publishing, digital real estate services, and pay-TV distribution. The company is primarily focused on delivering engaging content to its customers and maintaining a strong market presence in the media industry.
YTD Price Performance: 9.80%
Average Trading Volume: 141,482
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$27.75B
See more data about NWS stock on TipRanks’ Stock Analysis page.
