News Corp Nears One-Third Completion of $1 Billion Buyback, Repurchasing ~$330M in Shares
NWS is trading near its 52-week low of $25.49 (11% above the low).
Summary
News Corp has repurchased approximately $330 million of its Class A and B shares under its $1 billion 2025 buyback program. This latest update, disclosed through ASX daily notices, indicates the company has now completed roughly one-third of the authorized program. This follows previous updates on June 18th and June 9th, which reported $314 million and $290.7 million in repurchases, respectively. The ongoing buyback is intended to enhance shareholder value.
At the time of this announcement, NWS was trading at $28.34 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $14.3B. 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.