News Corporation (NWSA) has been subject to various important activities. It has been polarity among Wall Street with both bullish and bearish sentiments. The company has unveiled a $1 billion stock buy-back plan and has been outperforming competitors on strong trading days. In spite of the proposal to end the dual-class voting structure being declined, shareholders still seem to be bullish about the stock. The company has shown stellar Q1 earnings and revenues which is expectedly leading to an all-time high in share prices. AI spending by the company is not linear. Despite the company underperforming compared to competitors on some days, Goldman opines that NWSA is a long-term AI stock set to rally eventually. There has been a CFO change announced in light of overwhelming stock surge. Activist investor Starboard has filed proposals to break the Murdoch family's control over the company. NWSA shares have been seen being acquired by financial institutions including BNP Paribas and HBK Investments. In response to the recent performance, a $1 billion stock buy-back initiative has been announced.
News Corporation Stocks News Analytics from Thu, 08 Feb 2024 08:00:00 GMT to Sat, 30 Nov 2024 11:31:04 GMT -
Rating 7
- Innovation 5
- Information 9
- Rumor 0
