News Corporation has announced its daily buy-back notification, reporting that on the previous day, it bought back a total of 23,052,186 securities for a total consideration of US$481,620,490. This represents an increase from the previous buy-back, where they bought back 56,213 securities for a total consideration of US$1,668,975.21.
The highest price paid for the securities was US$30.75, while the lowest price paid was US$14.88. On the previous day, the highest price paid was US$29.835, and the lowest price paid was US$29.435.
The company has also disclosed that it is authorized to acquire up to an aggregate of US$1 billion of the Company’s Nasdaq-listed Class A common stock and Class B common stock under the 2021 Repurchase Program and an aggregate of US$1 billion under the 2025 Repurchase Program. To date, the company has purchased approximately US$730,609,788 worth of Class A and Class B shares under the 2021 Repurchase Program.
This data indicates a significant increase in the volume and value of securities bought back compared to the previous period, reflecting the company's commitment to its repurchase program. Following these announcements, the company's shares moved 2.47%, and are now trading at a price of $30.475. Check out the company's full 8-K submission here.
