Charter Communications stock rallies 4.11% and outperforms competitors
Updated
Updated · MarketWatch · Apr 30
Charter Communications stock rallies 4.11% and outperforms competitors
10 articles · Updated · MarketWatch · Apr 30
The shares closed at $165.17 on Thursday, snapping a five-day losing streak as the S&P 500 rose 1.02% and the Dow gained 1.62%.
Charter beat peers including Netflix, up 1.62%, Disney, up 2.42%, and Comcast, up 1.05%, during a broad market advance.
Trading volume reached 6.1 million shares, well above the 50-day average of 2.1 million, though the stock remains 62.21% below its 52-week high of $437.06.
As Charter absorbs Cox, can projected savings fund its tech war against fierce 5G and fiber competitors?
Is Charter's bet on upgrading old cables a genius move or a costly delay against the advance of fiber?
Can insider buying signal a turnaround for a company that is still losing its core internet customers?