What is driving News Corp’s (ASX:NWS) shares higher today?

By - Team Kalkine Media

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  • News Corp shares are on the rise today (17 October 2022), trading at AU$26.930 (as on 1:15 PM AEDT).
  • The company is buying back its shares; 5,790,138 equities have already been bought.
  • News Corp revenue has increased by 11% in comparison to last year.

American mass media and publishing company News Corporation (ASX:NWS), commonly known as News Corp, is trading in the green zone on ASX today (17 October 2022).

The price of NWS shares were quoted at AU$26.930 apiece, up 3.976% at 1:15 PM AEDT.

Around the same time, the S&P/ASX200 index was substantially down, along with all 11 sectors. S&P/ASX200 was at 6,660.60 after losing 98.20 points. Over the past five days, the index has fallen marginally, and over the past 52 weeks, it has declined 10.53%.


What’s boosting News Corp’s share prices?

Despite any major announcement by the company, NWS shares are on the rise. Below are a few factors that might be positively impacting its share prices: