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An update from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ) is now available.
News Corporation has announced an update to its buy-back program, initially authorized in 2021, which involves the repurchase of up to an aggregate of US$1 billion of its Nasdaq-listed Class A and Class B common stock. An additional US$1 billion has been authorized for the 2025 Repurchase Program. The buy-back is subject to market conditions and other factors, and no ASX-listed CDIs will be repurchased. This move is likely to impact the company’s stock market performance and shareholder value positively, as it reflects a strategic effort to manage capital and enhance shareholder returns.
The most recent analyst rating on (AU:NWS) stock is a Buy with a A$62.00 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, providing a range of services including news and information, book publishing, digital real estate services, and subscription video services. The company is known for its focus on delivering high-quality content across various platforms and markets globally.
Average Trading Volume: 165,865
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$26.69B
For detailed information about NWS stock, go to TipRanks’ Stock Analysis page.