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News Corporation Announces Cessation of Class B Securities

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News Corporation Announces Cessation of Class B Securities

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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 the cessation of 152,355 Class B common stock securities, which were canceled as part of a buy-back initiative. This move is likely to impact the company’s capital structure and could influence its market positioning by potentially increasing the value of remaining shares, thereby affecting stakeholders’ interests.

The most recent analyst rating on (AU:NWS) stock is a Hold with a A$52.00 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

Average Trading Volume: 182,021

Technical Sentiment Signal: Buy

Current Market Cap: A$23.94B

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

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