News Corporation has made several notable announcements, including a
US$1 billion stock repurchase program, which have attracted substantial attention and could potentially affect the company's market performance. They also reported strong top-line growth, though Q3 earnings did not meet expectations. The company is seeing a
positive trend in their stock prices, suggesting increased
investor confidence. Comparisons to other communication stocks have been favorable. One activist bid to end the company's dual-class share structure was rejected by shareholders. Upcoming Q1 results and updates on the stock repurchase program are eagerly awaited, and analysts have been adjusting their predictions accordingly. A sale of the
Foxtel Group to
DAZN has been completed.
Starboard has proposed collapsing the dual-class shares, challenging Rupert Murdoch's control. Meanwhile, an estimate suggests that News Corporation shares could be undervalued by as much as 49%. The company's asset value confidence has been reinforced by the sale of The Telegraph. The company's Q2 results have exceeded expectations, thanks to segments such as the
Dow Jones and
digital real estate.
News Corporation Stocks News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Sat, 07 Jun 2025 08:37:58 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 3
