Highlights from the biotech sector indicate some interesting action on
News Corporation (NWSA).
Goldman Sachs suggests that NWSA could be a promising long-term investment due to its advancements in AI, even as the stocks remain flat this year.
Starboard Value, an activist investor, proposes that News Corp should eliminate its dual-class shares, potentially undermining the Murdoch family's control. Despite these movements, News Corp continues to perform below the market. It has announced an ambitious
$1B stock buy-back, aiming to bolster the stock's performance. Recently, the digital real estate focus led to a price target bump, amplifying revenue, even amid a decline in its advertising. Furthermore, News Corporation's Chief Technology Officer sold some of his shares as the company expands. Key news also includes licensing pact with
OpenAI, indicating an increased investment in AI. Finally, with the ongoing share buyback program, News Corp Class A stocks have begun to outperform competitors.
News Corporation Stocks News Analytics from Thu, 21 Sep 2023 07:00:00 GMT to Fri, 13 Sep 2024 23:19:23 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor -6
