News Corporation (NASDAQ:NWSA) has experienced several mixed events recently, driving change in its stock performance. The Bank of Nova Scotia and Pacer Advisors Inc. sold their shares, while ING Groep NV, Jefferies Financial Group Inc., XTX Topco Ltd, J. Safra Sarasin Holding AG, and TD Asset Management Inc augmented their holdings in News Corporation. Reportedly, positive corporate news and Federal Reserve rate cut hopes have resulted in a stock rally. The company also accumulates confidence through a $1 billion stock
buy-back program, empowering the share buyback plan. The Q1 and Q4 financial results surpassed estimates, driven by strong financial results and growth in digital subscriptions. However, News Corporation has received a neutral rating due to fair valuation and reports highlight potential risk. With an 85% institutional ownership, News Corporation is evidently a favourite amongst the established investors. Meanwhile, concerns linger regarding the future of Fox and News Corp empire after Rupert Murdoch's demise, anticipating potential internal conflicts.
News Corporation Stocks News Analytics from Tue, 14 Jan 2025 08:00:00 GMT to Sat, 09 Aug 2025 08:20:34 GMT -
Rating 7
- Innovation 4
- Information 7
- Rumor -5
