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News Corporation Announces US$1 Billion Stock Buy-Back Program

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News Corporation Announces US$1 Billion Stock Buy-Back Program

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News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) just unveiled an announcement.

News Corporation has announced a buy-back program for its Nasdaq-listed Class A and Class B common stock. This initiative aims to repurchase up to US$1 billion worth of shares, subject to market conditions and stock prices, and will not include ASX-listed CDIs. The move could impact the company’s stock market presence by potentially increasing stock value and shareholder returns.

More about News Corporation Shs B Chess Depository Interests repr 1 Sh

YTD Price Performance: 12.10%

Average Trading Volume: 141,696

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$28.42B

Learn more about NWS stock on TipRanks’ Stock Analysis page.

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