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News Corporation Expands Stock Buy-Back Program with Additional $1 Billion Authorization

Story Highlights
  • News Corporation has authorized an additional US$1 billion for its stock buy-back program.
  • The buy-back aims to enhance shareholder value and reflects confidence in the company’s future.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
News Corporation Expands Stock Buy-Back Program with Additional $1 Billion Authorization

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

News Corporation has announced an update to its buy-back program, authorizing an additional US$1 billion for the repurchase of its Nasdaq-listed Class A and Class B common stock. This move, part of the 2025 Repurchase Program, aims to enhance shareholder value and reflects the company’s confidence in its financial position and future prospects. The buy-back will be conducted in the open market or otherwise, depending on market conditions and stock prices.

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

News Corporation operates in the media and information services industry, offering a range of products and services including news and information, book publishing, digital real estate services, and cable network programming. The company focuses on delivering content across various platforms and markets globally.

Average Trading Volume: 173,295

Technical Sentiment Signal: Buy

Current Market Cap: A$25.35B

See more data about NWS stock on TipRanks’ Stock Analysis page.

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