Liberty Broadband ( (LBRDK) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Liberty Broadband’s stock took a hit following its Q3 earnings report, which showed a 2% decline in revenue and a substantial operating loss due to a $525 million impairment charge. The company has exited its video business to concentrate on broadband, securing over $140 million in grants for expansion in Alaska. Despite these setbacks, Liberty Broadband remains hopeful about its wireless business and is focusing on cost management to drive future growth.
More about Liberty Broadband
YTD Price Performance: -27.28%
Average Trading Volume: 1,179,994
Technical Sentiment Signal: Sell
Current Market Cap: $7.3B
For further insights into LBRDK stock on TipRanks’ Stock Analysis page.
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