Liberty Broadband jumps as Charter rebounds after last week’s earnings-driven plunge
Liberty Broadband (LBRDK) is rising after a rebound in Charter Communications, its dominant underlying holding. The move follows a sharp Charter-driven selloff last week tied to Q1 results that showed a larger-than-expected broadband subscriber decline, setting up a snapback trade today.
1. What’s moving the stock
Liberty Broadband Corporation Class C (LBRDK) is trading higher today largely in sympathy with Charter Communications, which drives most of Liberty Broadband’s net asset value. Liberty’s shares were hit hard in the prior session cycle when Charter sold off on Q1 results that highlighted worsening internet subscriber losses; today’s move appears to be a rebound as investors reassess valuation and positioning after the outsized decline. (ts2.tech)
