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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

Confident Investing Starts Here:

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, with a total value of up to US$1 billion. This strategic move, subject to market conditions and stock prices, aims to enhance shareholder value by repurchasing shares from the open market or through other means, excluding ASX-listed CDIs.

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 operates in the media and information services industry, focusing on the creation and distribution of authoritative and engaging content across various platforms. Its primary products include news and information services, book publishing, digital real estate services, and subscription video services, catering to a global audience.

Average Trading Volume: 162,803

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$26.25B

Find detailed analytics on NWS stock on TipRanks’ Stock Analysis page.

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