Assenagon Asset Management considerably increased their holdings in
News Corp by purchasing 187,222 shares. Meanwhile, News Corp has announced the continuation of its stock repurchase program, up to $1 billion authorized. The
stock has shown overall growth despite market underperformance in some situations. There is ongoing news of potential sale of
Foxtel,
Australian TV business, in News Corp's portfolio. Remarkable mention to the
Q4 earnings beat and potential Foxtel Sale which saw the stock pop. Additionally, News Corp's striking multi-year deal with
OpenAI led to a significant growth in stock price. Several asset management firms including
Gateway Investment Advisers, Jane Street Group and QRG Capital Management have increased their investments in News Corp, on the other hand firms such as
Vanguard Group and Incline Global Management recorded a sell-off. News Corp's general counsel and CFO have sold significant amount of company's stocks. On a strategic note,
Rupert Murdoch stepped down as chairman of Fox, News Corp and there is a discussion around the separation of the company's entertainment and publishing business.
News Corporation Class A NWSA News Analytics from Thu, 25 Aug 2011 07:00:00 GMT to Sun, 18 Aug 2024 17:36:49 GMT -
Rating 8
- Innovation 4
- Information 5
- Rumor -3
