Comcast shares are trading lower in sympathy with Charter Communications, which reported mixed Q4 results and reported a decline in residential internet customers.
Portfolio Pulse from Benzinga Newsdesk
Comcast shares are trading lower due to Charter Communications' mixed Q4 results and a decline in residential internet customers, affecting Comcast by association.
February 02, 2024 | 3:07 pm
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Comcast shares are trading lower following Charter Communications' mixed Q4 results and loss of residential internet customers.
Comcast's stock price is negatively impacted due to its association with Charter Communications, which reported mixed financial results for Q4 and a decline in residential internet customers. This news likely raises concerns among investors about the broader cable and internet service industry, including Comcast.
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