Cable One, Inc. (NYSE:CABO) Under Investigation for Potential Securities Fraud
- Pomerantz LLP is investigating Cable One, Inc. (NYSE:CABO) for potential securities fraud or other unlawful business practices.
- Director Weymouth Katharine purchased 150 shares of CABO, increasing her total holdings to 2,294 shares amidst ongoing investigation.
- CABO's stock price has shown significant volatility, with a year-high of $437 and a low of $127.36, amidst the backdrop of the investigation.
Cable One, Inc. (NYSE:CABO) is currently under investigation by Pomerantz LLP for potential securities fraud or other unlawful business practices. Pomerantz LLP, a firm renowned for its specialization in corporate, securities, and antitrust class litigation, has a notable history of handling securities class actions and securing multimillion-dollar awards for class members. This investigation follows a similar case involving Metallus Inc., which faced financial challenges and a significant stock price drop.
Recently, Weymouth Katharine, a director at Cable One, made a notable investment by purchasing 150 shares of CABO at $130.88 each. This transaction, reported under Form 4, increased her total holdings to 2,294 shares. The current stock price of CABO is $130.04, showing a slight increase of 0.16%. The stock has traded between $128.06 and $132.97 today, indicating some volatility.
Cable One's market capitalization stands at approximately $731.8 million, with a trading volume of 311,571 shares on the NYSE. Over the past year, CABO's stock price has fluctuated significantly, reaching a high of $437 and a low of $127.36. This volatility may be of interest to investors, especially in light of the ongoing investigation.
The investigation into Cable One comes after Metallus Inc. reported disappointing financial results for Q1 2025. Metallus's non-GAAP earnings per share were $0.07, missing consensus estimates by $0.05. The company's CEO cited volatility in the defense supply chain as a contributing factor. Following this announcement, Metallus's stock price dropped by 11.31%, closing at $11.61 per share on May 9, 2025.
As Pomerantz LLP continues its investigation into Cable One, investors will be closely monitoring any developments. The firm's expertise in securities class actions and its history of securing significant awards for class members make this investigation noteworthy. Investors should stay informed about any potential claims of securities fraud or other unlawful business practices by Cable One and its officers or directors.
| Symbol | Price | %chg |
|---|---|---|
| TLKM.JK | 2780 | -0.36 |
| DNET.JK | 9900 | 5.05 |
| ISAT.JK | 2090 | -1.44 |
| AMX.BA | 21675 | 0.35 |
Cable One, Inc. (NYSE:CABO) Insider Purchase Amid Stock Downturn
- Detz Margaret Masoner, Chief People Officer of Cable One, Inc. (NYSE:CABO), purchased 300 shares, increasing her total holdings to 4,081 shares.
- The stock price of CABO is currently experiencing a downturn, with a significant decrease of 3.12%.
- Pomerantz LLP has initiated an investigation into claims on behalf of CABO investors, potentially affecting investor sentiment.
Cable One, Inc. (NYSE:CABO) is a prominent player in the telecommunications industry, providing cable services across various regions. The company is known for its broadband services, catering to both residential and business customers. In a recent development, Detz Margaret Masoner, the Chief People Officer of CABO, purchased 300 shares of the company's common stock at $132.28 per share, increasing her total holdings to 4,081 shares. This transaction was officially reported on Form 4, as required by the SEC.
Despite this insider purchase, CABO's stock is currently experiencing a downturn. The stock price stands at $130.28, marking a 3.12% decrease, or $4.20, from previous levels. The stock has fluctuated today, trading between $130.17 and $135.97. Over the past year, CABO has seen a significant range in its stock price, with a high of $437 and a low of $130.24, indicating considerable volatility.
The market capitalization of CABO is approximately $733.19 million, reflecting the total market value of the company's outstanding shares. This figure provides insight into the company's size and investor perception. The trading volume on the NYSE is 321,248 shares, which shows the level of investor interest and activity in CABO's stock.
In addition to the stock's performance, Pomerantz LLP has launched an investigation into claims on behalf of CABO investors. This legal scrutiny may impact investor sentiment and the company's stock performance. Investors are advised to contact Danielle Peyton for more information regarding this investigation, as highlighted by PR Newswire.
