Liberty Broadband Corp, Director at Charter Communications (NASDAQ:CHTR), executed a substantial insider sell on June 17, according to an SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Monday outlined that Corp executed a sale of 130,687 shares of Charter Communications with a total value of $35,303,786.
The latest update on Tuesday morning shows Charter Communications shares down by 0.11%, trading at $285.64.
Delving into Charter Communications's Background
Charter is the product of the 2016 merger of three cable companies, each with a decades-long history in the business: Legacy Charter, Time Warner Cable, and Bright House Networks. The firm now holds networks capable of providing television, internet access, and phone services to roughly 57 million US homes and businesses, around 40% of the country. Across this footprint, Charter serves 30 million residential and 2 million commercial customer accounts under the Spectrum brand, making it the second-largest US cable company behind Comcast. The firm also owns, in whole or in part, sports and news networks, including Spectrum SportsNet (long-term local rights to Los Angeles Lakers games), SportsNet LA (Los Angeles Dodgers), SportsNet New York (New York Mets), and Spectrum News NY1.
Breaking Down Charter Communications's Financial Performance
Revenue Growth: Charter Communications's remarkable performance in 3 months ...