News Corporation Class A (NWSA) has made a number of significant moves recently, noting an advance in its stock repurchase program and a multiyear deal with OpenAI. The company's stocks have also seen an outperformance in comparison with its competitors on strong trading days. A potential Foxtel sale and Q4 trading beat raised its earnings, leading to a stock increase. NWSA was shown to receive interest from investors as Bank of New York Mellon Corp and Zurcher Kantonalbank Zurich Cantonalbank purchased significant shares. Nevertheless, holdings were trimmed by both the New York State Teachers Retirement System and Lecap Asset Management Ltd. Also, Rupert Murdoch, the media mogul stepped down as chairman of Fox, News Corp. Irenic, an activist investor has urged News Corp to pursue value-maximizing alternatives, including spinning off a unit instead of a merger with Fox. Amid these developments, the company posted a slight revenue gain.
News Corporation Class A NWSA News Analytics from Fri, 29 Jun 2012 07:00:00 GMT to Sun, 01 Sep 2024 13:00:11 GMT -
Rating 7
- Innovation 5
- Information 7
- Rumor 3
