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%.