Charter Communications is trading at $135.22, down -4.24% after the Federal Reserve raised rates 25 basis points and signaled another possible hike, while elevated yields weighed on equities.
- The S&P 500, NASDAQ Composite, and Dow Jones Industrial Average were lower, supporting a broader risk-off explanation.
- Wolfe Research downgraded Charter Communications to Underperform with a $118 target, citing broadband competition and subscriber losses.