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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) has issued an announcement.
News Corporation announced the submission of a preliminary prospectus supplement to the U.S. Securities and Exchange Commission for the offering of 14,182,161 shares of Class B common stock by selling stockholders. The company itself is not selling any shares and will not receive proceeds from the sale. The Class B common stock is listed on Nasdaq and the Australian Securities Exchange, with recent sale prices of $33.40 and A$51.08, respectively. This move is part of a broader strategy to manage its stockholder base and market presence.
The most recent analyst rating on (AU:NWS) stock is a Hold with a A$54.00 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, diversified media and information services company that focuses on creating and distributing authoritative and engaging content. It operates in various sectors including information services, news, digital real estate services, and book publishing. Headquartered in New York, the company primarily operates in the United States, Australia, and the United Kingdom, with its products and services distributed worldwide.
Average Trading Volume: 165,143
Technical Sentiment Signal: Buy
Current Market Cap: A$26.46B
See more data about NWS stock on TipRanks’ Stock Analysis page.