On July 27, Charter rose 5.36% in regular trading, trading at $129.41/share, with turnover of $220 million. The rally was driven by a combination of stronger-than-expected Q2 earnings and continued optimism surrounding a potential SpaceX mobile phone partnership.

Charter reported Q2 EPS of $10.66, beating the analyst consensus estimate of $10.14 by approximately 5.1%, representing a 16.1% increase year-over-year from $9.18. Revenue came in at $13.53 billion, slightly above expectations of $13.51 billion, though down from $13.77 billion a year earlier. While the company lost 172,000 broadband subscribers during the quarter — exceeding market expectations and initially pressuring the stock — the strong bottom-line performance fueled a sustained recovery.

Additionally, market participants remain optimistic about previously reported executive-level discussions between SpaceX and Charter regarding consumer mobile phone collaboration. If finalized, the deal would help Charter expand into consumer-level communications and position SpaceX closer to becoming a direct-to-consumer mobile provider. Multiple analysts maintain mixed views, with Wells Fargo cutting its price target to $101 while maintaining an underweight rating, and the average analyst target stands at $226.59.

(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.)