Several recent market updates spotlight News Corporation Class A (NWSA). Notably, multiple advisors and asset management firms have bought and sold substantial shares, indicating high market activity. Guggenheim, for instance, has reportedly readjusted its stock price target for the company, lowering it to $43. On a promising note, the company has expanded its stock buyback program by an extra $1 billion, which suggests a potentially positive effect on its stock price.
This increase in repurchase action may highlight a change in its capital allocation strategy. News Corporation's Q1 Fiscal reports demonstrated significant growth, further suggesting positive stock prospects. The company has also made management and technology-focused changes, including the announcement of a new Chief Technology Officer and a formal settlement regarding Murdoch Family Trust matters.
Scrutiny rests on the company's dual-class structure, with investors proposing to end it. Despite this, the collective decision was to reject such proposals. As for digital gains, the company has seen a 10.4% rise in year-on-year digital-only subscriptions.
News Corporation Class A NWSA News Analytics from Wed, 05 Aug 2009 20:16:40 GMT to Fri, 14 Nov 2025 16:37:35 GMT - Rating 5 - Innovation 2 - Information 3 - Rumor -3
