News Corporation Initiates $1 Billion Stock Buy-Back Program

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

News Corporation has announced a buy-back program for up to US$1 billion of its Nasdaq-listed Class A and Class B common stock. This strategic move aims to enhance shareholder value by repurchasing shares in the open market or otherwise, depending on market conditions and stock prices. The program excludes ASX-listed CDIs and reflects the company’s confidence in its financial position and future prospects.

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 diversified media and information services company with a focus on creating and distributing authoritative and engaging content. It operates in various segments including news and information services, book publishing, digital real estate services, and subscription video services, primarily targeting markets in the United States, Australia, and the United Kingdom.

Average Trading Volume: 169,067

Technical Sentiment Signal: Buy

Current Market Cap: A$25.09B

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