Why Charter Communications Stock Rose 13.7% in July

Shares of broadband and cable giant Charter Communications (NASDAQ: CHTR) rose another 13.7% in July, according to data from S&P Global Market Intelligence. As coronavirus infections surged across the South and West, work-from-home stocks like Charter benefited, with several Wall Street analysts raising their price targets on it.

Though Charter didn't report earnings until the last day of the month, it wound up being an impressive beat, adding an exclamation point to the stock's impressive July.

Charter is essential to the work-from-home economy. Image source: Getty Images.

Source Fool.com