News Corp Repurchases $1.79M Worth of Shares

By Greg Peters • Wednesday, July 08 13:03 • Permanent Link

News Corporation said it bought back 66,163 shares on July 7, spending US$1.79 million, at an average price of about US$27.07 a share.

That compares with 8,977,418 shares repurchased before the previous day, for US$225.68 million. Across the program to date, the company said it has bought about US$350.63 million of Class A and Class B stock.

The company’s 2025 repurchase program authorizes up to US$1 billion of Nasdaq-listed Class A and Class B shares. News Corp said the latest purchases were made under that program and that no ASX-listed CDIs will be repurchased.

The stock was bought back at a highest price of US$27.60 on June 10 and a lowest price of US$22.20 on Feb. 9. The market has reacted to these announcements by moving the company's shares -0.46% to a price of $26.795. Check out the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.