Charter Communications ($CHTR) shares have experienced a significant decline, with a 17% drop in value from approximately $420 to $347. The company is facing challenges, including a loss of internet customers and increased competition from wireless home internet products. Analyst downgrades and a lower profit outlook have contributed to the stock hitting a 52-week low. Additionally, the company may face further subscriber losses when a key government program runs out of funding in April.
Charter $CHTR just hit a 52-week low after analyst downgrades and lower profit outlook The company is facing increased competition from $VZ and $TMUS wireless home internet products and could lose more subs when a key govt program runs out of funding in April (Affordable… https://t.co/PZMwOfqvhS
⚠️ HERTZ GLOBAL SHARES HIT RECORD LOW AFTER WIDER-THAN-EXPECTED Q4 LOSS (Reuters) Shares of Hertz Global fell nearly 6% to a record low in early trading on Tuesday after the car rental giant reported a bigger-than-expected fourth quarter loss. Hertz's revenue rose 7% to $2.2… https://t.co/Zttljgcgif
Charter Communications, @HedgeyeComm's #1 short call, fell 16% Friday. "The internet business for $CHTR continues to trend downward as they get increasingly pressured by fixed wireless." @HedgeyeCommBZ Watch The Communications Show at noon ET Fridays: https://t.co/7av1NeS5WL https://t.co/wIG9EJ9OXO
Charter communications CHTR -16.51% loss: slow decline in pay-TV subscribers https://t.co/nqV81KFyuW https://t.co/JYK5ILxgNv
Charter Communications Falls as Loss of Internet Customers Hits the Stock https://t.co/uZ7QlXglRG
Charter $CHTR shares down 9.2% pre-market We were wrong to keep it Buy-rated, but at least we took it out of our model portfolio in Sep-23 Shares were ~$420 then; now 17% down at ~$347 https://t.co/d3XjUQLueH https://t.co/gtV1NCiV1a