Chief Executive Officer of Time Warner Cable Inc (NYSE:TWC) Glenn Britt will move out at the finish of the year, according to a person with knowledge about the decision. Glenn Britt has managed the second-biggest United States cable corporation for over a decade.
The person, who refused to be identified as the matter is private, stated that chief operating officer of Time Warner Cable Rob Marcus is the best candidate to substitute Britt. Glenn Britt was named Chief Executive Officer in 2001 and directed Time Warner Cable through its spinoff from Time Warner Inc (NYSE:TWX) in 2007.
Glenn Britt first joined the parent corporation in 1972 when he took a position in the controller’s department of Time Inc. Its competitors include AOL, Inc (NYSE:AOL) that rose +0.36% to $30.76 with the total traded volume of 934,562.00 shares and DISH Network Corp (NASDAQ:DISH) that increased +1.13% to $37.68 with the total traded volume of 1.45 million shares.
Other Services stocks with bullish trend include Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) up 0.33% to $21.03, eBay Inc (NASDAQ:EBAY) up +2.22% to $57.21 and Time Warner Cable Inc (NYSE:TWC) up +1.04% to $90.27, whereas with bearish trend include Delta Air Lines, Inc (NYSE:DAL) down -0.50% to $13.82, CSX Corporation (NYSE:CSX) down -0.50% to $21.92 and Life Time Fitness, Inc (NYSE:LTM) down -22.41% to $39.36.
Time Warner Cable Inc (NYSE:TWC) stock’s trade at beginning with a price of $89.03 and throughout the trading session climbed at a high of $90.43 other than when day-trade ended the stock finally advanced +1.04% to $90.27. Shares price of TWC moved down from its 20 days moving average with -8.43% and remote positively from 50 days moving average with -6.20%.
TWC current year earnings per share experienced an addition with +36.52% while its current quarter performance remained -8.40%. TWC had a trade volume of 8.44 million shares was higher as compared to average trading capacity of 1.91 million shares. TWC last month stock price volatility remained 1.69%. In its share capital TWC has 301.77 million outstanding shares among them 301.53 million shares have been floated in market exchange.
TWC stock institutional ownership remained 89.76% while insider ownership included 0.06%. The stock is ahead its 52 week low with +25.62% and lagging behind from its 52 week high price with -11.50%. Company’s beta coefficient included 0.77. Beta factors measures the amount of market risk associated with market trade.
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