By | July 25, 2018

Charter Communications, Inc. (NASDAQ:CHTR) dwindled -1.91% to trade at $ 282.32 in the recent trading session and its total traded volume was 1207766 shares versus to an average volume of 1.86M. The company has market cap of $69.63B. The stock has negative monthly performance of -5.67% while its yearly performance remained -18.89%.

The stock demonstrated a negative move of -6.53% in previous 5 days graph. Its quarterly performance remained in the red with the percentage of -6.29%, while its year to date performance showed that the stock plunged overall -15.97% The 52 week range of the stock was $250.10 – 408.83.

Charter Communications, Inc. (NASDAQ:CHTR) announced that Dr. John C. Malone has retired from the Charter Board of Directors, but will continue to serve the company as a director emeritus. As a director emeritus, Dr. Malone will attend Board meetings and provide active support and advice to the Company, but will not have a vote on matters presented to the Board.

Thomas M. Rutledge, Charter’s Chairman and Chief Executive Officer said “The Board and I appreciate John’s service to Charter and will continue to benefit from his counsel as a director emeritus”.

Dr. Malone said, “I am retiring from the board of Charter to reduce my travel and focus on fewer board positions. I remain heavily invested in Charter, both financially and emotionally, and am excited about its prospects. As the Liberty Broadband nominee to the Charter board, Jim Meyer brings a strong track record and wealth of relevant experience, and I will remain an active advisor in my director emeritus role.”

Rutledge said “Jim Meyer’s broad experience, including at Sirius XM, will benefit the Charter Board of Directors and I look forward to serving with him”. “With the addition of Jim and the continued participation of John, I am confident that the Charter Board of Directors will continue to provide the leadership and oversight to ensure that Charter’s future remains bright.”

The Company has an insider ownership of 26.53% and institutional ownership remained 73.10%. Its return on investment (ROI) for the last 12 month was 3.50% and its return on equity (ROE) of 26.80% for the last 12 months while return on assets (ROA) is at 6.70%.

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Shane Roberts

About Shane Roberts

Before joining News Registrar, Shane Roberts worked as a freelance writer. He has more than 10 years’ experience in journalism and public relations. His experience in public relations includes press releases, promotional materials, and working with media outlets. He also has professional experience writing news, technology, and business stories. Shane learned CFA Level 2 from CFA Institute (USA). He has worked in diverse capacities from financial research to currency trading in a span of 3 years. Shane covers Business news section. Email Contact: Shane@newsregistrar.com

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