Thread regarding Altice USA (Cablevision) layoffs

Some sellers

JPMorgan Chase & Co. lessened its stake in shares of Altice USA Inc (NYSE:ATUS) by 43.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,617 shares of the company’s stock after selling 58,413 shares during the quarter. JPMorgan Chase & Co.’s holdings in Altice USA were worth $2,041,000 at the end of the most recent reporting period

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Altice shares tumble as analysts digest revenue warning

Lowered guidance for French business overshadows restructuring efforts

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Yea your right stock seems to be doing horribly today

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Can you blame them? They are trying yo make make money not lose money. Smart move on their part to dump some of the stock before it becomes a complete lost.

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