News Corp said on Tuesday its board has authorized a $1 billion stock repurchase program, expanding on the Dow Jones owner's existing plan.

The stock's fall snapped a two-day winning streak.

The new share repurchases follow its existing $1 billion program launched in September 2021, of which $303 million remains outstanding

Wedbush started coverage on The Marcus Corp. (MCS) with an "outperform" investment rating, citing expectations for the stock to rise in tandem with overall box office growth while improving margins on its unshared revenue.