In a major move, News Corp recently confirmed the expansion of its stock repurchase program by an impressive $1 billion, serving as an indicator of the company's robust financial health. Ongoing updates have been provided to the SEC, the Australian Securities Exchange (ASX), and the market reports on developments related to the repurchase program. Amid these moves, there has been a notable shift in market momentum pertaining to News Corp stocks. Outside entities such as Magnetar Financial LLC, American Century Companies Inc., and Gabelli Funds LLC have reduced their positions in News Corp, while Trexquant Investment LP has increased its stake. A key rating upgrade for the company indicates potential breakout and Wall Street sentiments surrounding the stock appear to be fluctuating, with some predicting a possible surge. News Corp has also filed updates regarding the cessation of Class B securities. The company's Q4 earnings show a bright picture, and entry of new investors, including EntryPoint Capital LLC and AlphaQuest LLC, were also acknowledged. News Corp's digital transformation, cost optimization activities, and buyback program have led Macquarie to downgrade its stock rating to Neutral, citing fair valuation.
News Corporation Stocks News Analytics from Fri, 04 Oct 2024 07:00:00 GMT to Sat, 06 Sep 2025 13:21:34 GMT - Rating 5 - Innovation 2 - Information 8 - Rumor -5
