News Corporation Class A (NWSA) witnessed substantial trades recently. Several major entities, such as
Bank of Montreal, HBK Investments, and Qsemble Capital Management, acquired significant NWSA shares, while others like Walleye Capital and Glenmede Trust reduced their holdings. The corporation continues its
$1 Billion stock buyback initiative. Although it consistently outperformed its competitors on various trading days, NWSA also experienced a few under-performing sessions. The corporation endured persistent pressure from Starboard and other stakeholders aiming to end the dual-class structure. However, the proposal was rejected in the annual meeting of stockholders. NWSA reported a record Q1 profit and announced regular updates on its stock repurchase programme. Reports also emerged regarding a potential acquisition by NWSA's subsidiary, REA Group, who responded to the rumours surrounding their interest in Rightmove, causing a stir. However, attempts by News Corp to dismantle
Perplexity's share structure resulted in a fall in NWSA's stock. Lastly, David DeVoe, the long-serving CFO, prepared to leave following the company's impending split while David Kline was named the new Chief Technology Officer.
News Corporation Class A NWSA News Analytics from Thu, 13 Jun 2013 07:00:00 GMT to Sat, 30 Nov 2024 11:31:04 GMT -
Rating 2
- Innovation 1
- Information 6
- Rumor -6
