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

An update from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) is now available.

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 initiative, which excludes ASX-listed CDIs, aims to repurchase shares from the open market or through other means, depending on market conditions and stock prices. The buy-back is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value.

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 is a prominent player in the media and information services industry, offering a diverse range of products and services including news, information, and publishing. The company is known for its significant presence in the media sector, with a focus on delivering content through various platforms to a global audience.

Average Trading Volume: 169,067

Technical Sentiment Signal: Buy

Current Market Cap: A$25.09B

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