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MrWhy.com » Videos » News Corp. Increases Stock Repurchase Program to $5B from $1 |
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News Corp. Increases Stock Repurchase Program to $5B from $1
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News Corp. Increases Stock Repurchase Program to $5B from $1
The board of News Corp (NASDAQ:NWSA) announced its board has approved a stock repurchase program totaling to $5 billion. The company is targeting to acquire the $5B of Class A common stock and Class B common stock from time to time over the next 12 months.News Corp. has a potential upside of 30.4% based on a current price of $15.58 and an average consensus analyst price target of $20.31.News Corp. is currently below its 50-day moving average (MA) of $17.16 and below its 200-day MA of $15.89.
Video Length: 0
Date Found: July 12, 2011
Date Produced: July 12, 2011
View Count: 0
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