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Stock impact report

Stock Market Today, Dec. 17: Comcast Jumps Again on Activist Investor Buzz and Versant Spinoff [Yahoo! Finance]

Charter Communications, Inc. - Class A (CHTR) 
Last charter communications, inc. - class a earnings: 5/1 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.charter.com
Company Research Source: Yahoo! Finance
Today's gains continued Comcast's upward trend from the past five days. Wednesday's move followed activist-investor buzz as well as news from earlier in the week about its successful network expansion in Connecticut. Investors will be watching upcoming earnings for commentary on broadband growth and capital allocation. The S&P 500 (SNPINDEX: ^GSPC) fell 1.15% to 6,722, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) dropped 1.81% to 22,694. Within Telecom Services, industry peers Charter Communications (NASDAQ:CHTR) slipped 0.77% and AT&T (NYSE:T) gained 1.20%. This week's uptick in Comcast's price may come as a relief to investors. The stock is down 21.86% year-on-year, in part due to concerns about falling broadband subscribers. One driver for the roughly 5% intraday jump was a CNBC report that unusual trading activity may indicate activist investor interest. When-issued trading of Versant, Comcast's cable network spinoff, began on Monday. The new company's shares have been a Show less Read more
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