Liberty Broadband falls 23% on 8.3x volume as Charter earnings detonate its core holding
Liberty Broadband (LBRDK) dropped 23.4% on April 24 on volume of 8.1 million shares — 8.3 times its 20-day average of 972,000 — as Charter's earnings collapse directly hit its primary asset, a ~26% stake in Charter. The preferred class (LBRDP) also fell 6.6%, though on far thinner volume.
Supporting 7 queries
To surface this insight, Baselight ran 7 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.
Conclusion
LBRDK Apr 24: open $54.77, close $41.94, low $41.43 (-23.4%); volume 8,098,200 vs 20-day avg 972,240 = 8.33x ratio; LBRDP Apr 24: open $23.38, close $21.84 (-6.6%); prior 20-day LBRDK range: $50.35–$59.22 — Apr 24 broke cleanly below; Liberty Broadband enterprise value ~$7.9B