On August 12, Charter fell 5.04% in regular trading, trading around $149.74/share, with turnover of approximately $53.78 million. The decline comes as the company recently completed the pricing of a $4.75 billion senior secured notes offering amid ongoing fundamental pressures.

The offering includes four series: $1.75 billion of 6.050% notes due 2032, $1 billion of 6.600% notes due 2034, $1 billion of 6.950% notes due 2036, and $1 billion of 7.850% notes due 2056. Net proceeds will be used to partially fund the pending Cox Communications acquisition. The elevated coupon rates reflect Charter's rising cost of capital amid a challenging operating environment.

Fundamentally, management guided for full-year standalone EBITDA to decline approximately 1% year-over-year. The company lost 172,000 internet customers in Q2, with broadband competition remaining fierce from fiber providers and satellite operators including Starlink. Multiple analysts have slashed price targets in recent weeks, with Wells Fargo cutting to $101 and Goldman Sachs maintaining a Sell rating with a $125 target.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)