News Corp's (NASDAQ:NWSA) stock has seen a lot of activity, with new investments from firms like Swedbank AB and Magnetar Financial LLC, and large sell-offs from Incline Global Management. There is clear interest in NWSA's stock, underscored by Bayesian Capital Management's purchase of nearly 49,000 shares.
$1 billion stock repurchase by the company has continued without interruption. In the midst of these, activist investor
Starboard has reportedly shown interest in seeking changes in News Corp, an indication of possible shake-ups in the company. The company's recent multi-year deal with OpenAI has been well received, offering a positive boost to the share price. There is also a call from an activist investor to spin off one of News Corp's units instead of merging with Fox. Speculation around Rupert Murdoch stepping down from his chairmanship of both Fox and News Corp also made headlines, raising questions about the future leadership of the company. Despite a slowdown in advertising, News Corp managed to post a slight revenue gain. Overall, the trading performance of News Corp's Class A stock has been strong, outperforming competitors on multiple occasions.
News Corporation Class A NWSA News Analytics from Thu, 25 Aug 2011 07:00:00 GMT to Sun, 04 Aug 2024 21:02:22 GMT -
Rating 7
- Innovation 6
- Information 9
- Rumor -2
