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News Corporation Initiates $1 Billion Stock Buy-Back Program

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News Corporation Initiates $1 Billion Stock Buy-Back Program

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

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

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 is a diversified media and information services company focused on creating and distributing authoritative and engaging content to consumers worldwide. The company operates in various segments, including news and information services, book publishing, digital real estate services, and subscription video services.

Average Trading Volume: 188,758

Technical Sentiment Signal: Buy

Current Market Cap: A$24.01B

For detailed information about NWS stock, go to TipRanks’ Stock Analysis page.

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