In recent reports, News Corp announced the cessation of Class B stocks and cancellation of both Class A and B stocks. Despite sluggish performance this year, Q3 results are anticipated to boost the company's stock. The company outperformed competitors on several high trading days but lagged on certain days. Digital subscriptions have seen a significant increase, balancing weak ad revenue, though quarterly estimates were missed. News Corp plans a $1 billion stock buyback and has started executing this action.
Notable shifts include Rupert Murdoch stepping down, which led to a surge in both Fox and News Corp shares. There's talk of an activist investor looking to bring changes, along with Disney's attempts at profitable streaming. Other highlights include robust Q2 earnings and revenue beat from subscription growth and potential AI gains. Issues such as stock underperformance on specific days and slight revenue gain persist. Retirement Systems of Alabama sold 2258 shares of News Corp while Metis Global Partners LLC also lowered its position. However, the corporation continues its billion-dollar stock buyback program.
News Corporation Stocks News Analytics from Tue, 04 Jul 2023 07:00:00 GMT to Sun, 12 May 2024 23:29:20 GMT - Rating 7 - Innovation 3 - Information 8 - Rumor -2
