5-Dec-2025
Director’s Major Stock Sale Shakes Optimum Communications Inc!
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Optimum Communications Inc acquired privately held US cable company Suddenlink in 2015 and Cablevision in 2016. Suddenlink's networks provide television, internet access, and phone services to roughly 4.5 million US homes and businesses located primarily in smaller markets, with major clusters in Texas, West Virginia, Idaho, Arizona, and Louisiana. Cablevision provides comparable services to about 5.5 million homes and businesses in the New York City metro area. Both regions now operate under the Optimum brand name. Altice Europe spun off Altice USA, which includes both the Suddenlink and Cablevision operations, to shareholders in 2018. Altice USA also owns News 12 Networks, which broadcasts local news in New York.
Optimum Communications Class A trades on the NYSE stock market under the symbol OPTU.
As of December 5, 2025, OPTU stock price declined to $1.84 with 1,689,213 million shares trading.
OPTU has a market cap of $864.49 million. This is considered a Small Cap stock.
The top ETF exchange traded funds that OPTU belongs to (by Net Assets): IWM, FNDX, IWN, SCHA, OPTZ.
OPTU support price is $1.80 and resistance is $2.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OPTU shares will trade within this expected range on the day.