The recent updates from News Corporation focus on their substantial $1 billion buy-back program, which has consistently been in action and is widely reported. The overall market reaction to this initiative underscores the company's strong growth scenario since it effectively expresses confidence in its inherent value. Additionally, the surging profits have pushed News Corp's stock to reach an all-time high, outperforming its competitors consistently, even on days with losses. However, it must be noted that the Murdoch family still retains majority control, despite calls from several firms and shareholders like Starboard to end the dual-voting structure. Interestingly, News Corporation recently sold Foxtel to DAZN for $2.1 billion and announced a huge strategic deal, engaging stocks further. Despite these developments, there's coverage highlighting speculations about whether Wall Street is bullish or bearish on News Corporation's stock. However, the transactions by CFO and positive earnings previews indicate promising expectations.
News Corporation Stocks News Analytics from Wed, 08 May 2024 07:00:00 GMT to Sat, 18 Jan 2025 23:17:37 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor -2
