There has been recent activity around News Corporation stock with the initiation and continuation of a $1Billion stock buy-back program. The decision has come after strategic moves such as the sale of Foxtel group and continued financial growth in the real estate sector. The corporation's stock performance mirrors the media and communication sector but, some analysts suggest it has underperformed compared to its peers.
News Corporation also reports quarterly earnings highlighting gains from Dow Jones and digital real estate segments. The stock hit an all-time high due to surging profits and the company's commitment to continue with its stock repurchase program. A proposal from Starboard Value to end the firm's dual-class share structure was rejected, sustaining the Murdoch family's control over the Corporation. Also, the News Corporation stock still meets approval from Wall Street and the broader investment community.
News Corporation Stocks News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Sat, 05 Apr 2025 14:03:00 GMT - Rating 6 - Innovation 2 - Information 7 - Rumor 0
