News Corporation Class A (NWSA) has attracted attention due to various developments. Goldman Sachs Group reduced their holdings in the company, while Fort Baker Capital Management established it as their 2nd largest position and Balyasny Asset Management increased their shares. However, other companies like Honeycomb Asset Management and Harspring Capital Management have sold their shares. Despite day-to-day losses, NWSA continually outperforms competitors. Notably, there's a significant interest from activist investor Starboard Value, who is reportedly seeking changes within the company and recommending a spin-off of real estate assets. Amid these developments, NWSA signed a landmark multi-year global deal with OpenAI causing a surge in their stock. The company continues with its $1 billion stock buyback plan and is expected to cut its headcount by 5% this year. The organization posted a slight revenue gain recently but had a decline in its earnings. Lastly, in light of the possible merger with Fox, a major shareholder has voiced opposition.
News Corporation Class A NWSA News Analytics from Tue, 19 Jul 2011 07:00:00 GMT to Sun, 16 Jun 2024 20:25:41 GMT -
Rating 4
- Innovation 3
- Information 6
