Charter Communications shares rise 2.38% and outperform peers
Updated
Updated · MarketWatch · May 7
Charter Communications shares rise 2.38% and outperform peers
10 articles · Updated · MarketWatch · May 7
The stock closed at $160.24 on Thursday, even as the S&P 500 fell 0.38% and the Dow dropped 0.63% in a broadly weak session.
The gain ended a three-day losing streak and beat rivals including Comcast, down 0.76%, and Netflix, down 0.02%, while Disney rose 0.56%.
Despite the advance, Charter remains 63.34% below its 52-week high of $437.06 reached on May 16, and trading volume of 2.2 million stayed below its 50-day average.
Can Charter's network upgrades and insider buying overcome its massive debt and intense fiber competition?
Will California approve Charter's $34.5B Cox merger before the looming September deadline?