In a series of updates, News Corporation has embarked on an extensive Stock Repurchase Program valuing $1 Billion. This move reflects the corporation's confidence in its prospects. It is confirmed by subsequent announcements of its continuous undertaking in stock repurchase disclosures. Several wealth management outfits have increased their stock holdings in News Corp, including Wealth Enhancement Advisory Services LLC, Silvia Capital Partners LLC, and Goldman Sachs Group Inc., indicating their stake confidence in the company's growth.
There are news of a potential TikTok deal that led to a 17% jump in News Corp's price, showcasing possible new revenue streams. Company performance seems mixed, with some suggesting underperformance compared to the Nasdaq, Dow, and S&P 500, while others note it hitting a 52-week high. The secondary offering of Class B Common Stock indicates a capital-raise. Persistent rumors around the Murdoch empire succession have come to an end, with Lachlan Murdoch emerging as the heir. This can pave the way for more focused leadership and potential improvements in News Corp's position.
News Corporation Stocks News Analytics from Tue, 14 Jan 2025 08:00:00 GMT to Sat, 27 Sep 2025 09:02:10 GMT - Rating 4 - Innovation -5 - Information 7 - Rumor -2
