News Corp Buyback Hits $356M, Accelerating Toward $1B Target
NWS sits 22% above its 52-week low of $25.49.
Summary
News Corp has now repurchased $356.1 million of its shares under the $1 billion 2025 buyback program, up from $330 million reported on June 26. The steady execution signals confidence in the stock at current levels and reduces the float, which can support earnings per share. With $643.9 million remaining, the pace suggests the program could be completed within the fiscal year. The buyback follows strong Q3 results and comes amid a $10 billion defamation lawsuit, making the capital return a notable vote of confidence.
At the time of this announcement, NWS was trading at $31.02 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $15.7B. The 52-week trading range was $25.49 to $35.58. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.