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 plans to repurchase up to an aggregate of US$1 billion. This strategic move is subject to market conditions and aims to enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share and signaling confidence in the company’s future prospects.
More about News Corporation Shs B Chess Depository Interests repr 1 Sh
News Corporation operates within the media industry, focusing on the production and distribution of news and information services. The company is known for its diverse portfolio of assets, including newspapers, digital real estate services, book publishing, and cable network programming, with a significant market presence in the United States and Australia.
YTD Price Performance: -3.89%
Average Trading Volume: 189,357
Technical Sentiment Signal: Sell
Current Market Cap: A$25.7B
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