(NASDAQ: CMCSA) stock sold off in Friday's trading despite gains for the broader market. The company's share price closed out the session down 4.8% and had been off as much as 6.1% early in the session. The S 500 (SNPINDEX: ^GSPC) ended the day up 0.4%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up 0.2%.
Charter Communications published its second-quarter report before the market opened this morning, and the report prompted a dramatic sell-off for the stock that had ripple effects for Comcast and other telecom players. Charter stock ended the day's trading down 18.5%.
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Source Fool.com