News Corporation Class A (NWSA) has seen fluctuations in stock performance when compared to competitors. It's seen as
underperforming on certain days despite daily gains while emerging strongly on others. The company is currently engaged in a billion-dollar
stock repurchase program, which secures a bullish stance among some analysts. The proposed
elimination of the dual-class share structure by activist Starboard Value could result in a significant corporate governance overhaul. The proposal faces marked opposition from several shareholders and insiders.
Arlington Partners LLC, British Columbia Investment Management Corp, and Lecap Asset Management Ltd increased their holding in NWSA, indicating their positive outlook on the company. However, Squarepoint Ops LLC exited, selling 46,639 shares. In addition, a $7.3B acquisition offer made by News Corp’s REA Group to Rightmove was denied. Looking at leadership changes, there are reports of Rupert Murdoch stepping down as chairman of Fox, and News Corp which might have profound implications. CFO DeVoe is also planning his exit after two decades at the helm.
News Corporation Class A NWSA News Analytics from Fri, 04 Mar 2016 08:00:00 GMT to Fri, 25 Oct 2024 21:14:00 GMT -
Rating 0
- Innovation 0
- Information 6
- Rumor -2
