Charter Communications (CHTR) Stock Forecast, Price Target & Predictions
CHTR Stock Forecast
Charter Communications stock forecast is as follows: an average price target of $520.08 (represents a 38.38% upside from CHTR’s last price of $375.83) and a rating consensus of 'Hold', based on 30 wall street analysts offering a 1-year stock forecast.
CHTR Price Target
The average price target for Charter Communications (CHTR) is $520.08 based on 1-year price targets from 30 Wall Street analysts in the past 3 months, with a price target range of $900.00 to $250.00. This represents a potential 38.38% upside from CHTR's last price of $375.83.
CHTR Analyst Ratings
According to 30 Wall Street analysts, Charter Communications's rating consensus is 'Hold'. The analyst rating breakdown for CHTR stock is 0 'Strong Buy' (0.00%), 13 'Buy' (43.33%), 14 'Hold' (46.67%), 3 'Sell' (10.00%), and 0 'Strong Sell' (0.00%).
Charter Communications Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 11, 2024 | Michael Rollins | Citigroup | $350.00 | $319.75 | 9.46% | -6.87% |
| Jul 29, 2024 | Vijay Jayant | Evercore ISI | $425.00 | $377.77 | 12.50% | 13.08% |
| Jul 29, 2024 | Barton Crockett | Rosenblatt Securities | $329.00 | $377.02 | -12.74% | -12.46% |
| Jul 26, 2024 | Jeffrey Wlodarczak | Pivotal Research | $435.00 | $367.62 | 18.33% | 15.74% |
| Jul 01, 2024 | James Schneider | Goldman Sachs | $250.00 | $298.96 | -16.38% | -33.48% |
| Apr 29, 2024 | Alan Gould | Loop Capital Markets | $285.00 | $261.48 | 8.99% | -24.17% |
| Apr 15, 2024 | Barton Crockett | Rosenblatt Securities | $297.00 | $260.50 | 14.01% | -20.97% |
| Apr 05, 2024 | Steven Cahall | Wells Fargo | $290.00 | $271.23 | 6.92% | -22.84% |
| Mar 28, 2024 | John Hodulik | UBS | $325.00 | $292.56 | 11.09% | -13.52% |
| Mar 18, 2024 | Laurent Yoon | Bernstein | $370.00 | $296.18 | 24.92% | -1.55% |
The latest Charter Communications stock forecast, released on Sep 11, 2024 by Michael Rollins from Citigroup, set a price target of $350.00, which represents a 9.46% increase from the stock price at the time of the forecast ($319.75), and a -6.87% decrease from CHTR last price ($375.83).
Charter Communications Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 11 |
| Avg Price Target | - | $350.00 | $345.09 |
| Last Closing Price | $375.83 | $375.83 | $375.83 |
| Upside/Downside | -100.00% | -6.87% | -8.18% |
In the current month, the average price target of Charter Communications stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Charter Communications's last price of $375.83. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 07, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Sep 30, 2024 | Wolfe Research | Peer Perform | Underperform | Downgrade |
| Sep 11, 2024 | Citigroup | Neutral | Reduce | Upgrade |
| Sep 10, 2024 | Citigroup | Sell | Neutral | Upgrade |
| Jul 31, 2024 | Citigroup | Sell | Sell | Hold |
| Jul 30, 2024 | Wolfe Research | Outperform | Peer Perform | Downgrade |
| Jul 29, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Jul 29, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Jul 29, 2024 | Stephens | Equal-Weight | Equal-Weight | Hold |
| Jul 29, 2024 | Needham | Buy | Buy | Hold |
Charter Communications's last stock rating was published by Morgan Stanley on Oct 07, 2024. The company gave CHTR a "Equal-Weight" rating, the same as its previous rate.
Charter Communications Financial Forecast
Charter Communications Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $13.71B | $13.58B | $13.66B | $13.65B | $13.67B | $13.55B | $13.60B | $13.20B | $13.21B | $13.15B | $12.80B | $12.52B | $12.62B | $12.04B | $11.70B | $11.74B | $11.76B | $11.45B |
| Avg Forecast | $13.87B | $13.80B | $13.76B | $13.81B | $13.65B | $13.57B | $13.60B | $13.58B | $13.79B | $13.66B | $13.59B | $13.75B | $13.70B | $13.64B | $13.84B | $13.63B | $13.74B | $13.68B | $13.43B | $13.21B | $13.26B | $12.93B | $12.62B | $12.50B | $12.57B | $12.07B | $11.60B | $11.78B | $11.73B | $11.41B |
| High Forecast | $13.96B | $13.89B | $13.85B | $13.89B | $13.74B | $13.65B | $13.68B | $13.62B | $13.92B | $13.75B | $13.59B | $13.75B | $13.77B | $13.74B | $13.93B | $13.72B | $13.83B | $13.68B | $13.43B | $13.21B | $13.26B | $12.93B | $12.62B | $12.50B | $12.57B | $12.07B | $11.60B | $11.78B | $11.73B | $11.41B |
| Low Forecast | $13.80B | $13.73B | $13.69B | $13.74B | $13.58B | $13.50B | $13.53B | $13.54B | $13.69B | $13.53B | $13.59B | $13.75B | $13.63B | $13.56B | $13.77B | $13.56B | $13.67B | $13.68B | $13.43B | $13.21B | $13.26B | $12.93B | $12.62B | $12.50B | $12.57B | $12.07B | $11.60B | $11.78B | $11.73B | $11.41B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 5 | 18 | 9 | 4 | 7 | 17 | 8 | 8 | 7 | 7 | 12 | 7 | 14 | 8 | 9 | 15 | 10 | 15 | 9 | 9 | 8 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.00% | 0.99% | 1.00% | 1.00% | 0.99% | 1.01% | 1.00% | 1.00% | 1.02% | 1.01% | 1.00% | 1.00% | 1.00% | 1.01% | 1.00% | 1.00% | 1.00% |
Charter Communications's average Quarter revenue forecast for Mar 24 based on 4 analysts is $13.75B, with a low forecast of $13.75B, and a high forecast of $13.75B. CHTR's average Quarter revenue forecast represents a 0.26% increase compared to the company's last Quarter revenue of $13.71B (Dec 23).
Charter Communications EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 5 | 18 | 9 | 4 | 7 | 17 | 8 | 8 | 7 | 7 | 12 | 7 | 14 | 8 | 9 | 15 | 10 | 15 | 9 | 9 | 8 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $1.52B | $1.71B | $1.65B | $5.03B | $5.22B | $5.06B | $5.49B | $5.08B | $5.15B | $4.85B | $4.66B | $4.45B | $4.87B | $4.31B | $4.32B | $3.90B | $4.25B | $3.89B |
| Avg Forecast | $5.21B | $5.18B | $5.17B | $5.18B | $5.13B | $5.09B | $5.11B | $5.10B | $5.18B | $5.13B | $5.10B | $5.54B | $5.14B | $5.12B | $5.20B | $5.03B | $3.99B | $5.13B | $5.04B | $4.58B | $4.98B | $4.86B | $4.74B | $4.60B | $4.72B | $4.53B | $4.36B | $5.15B | $4.40B | $4.28B |
| High Forecast | $5.24B | $5.21B | $5.20B | $5.22B | $5.16B | $5.13B | $5.14B | $5.11B | $5.23B | $5.16B | $5.10B | $6.64B | $5.17B | $5.16B | $5.23B | $6.04B | $4.78B | $5.13B | $5.04B | $5.49B | $4.98B | $4.86B | $4.74B | $5.52B | $4.72B | $4.53B | $4.36B | $6.17B | $4.40B | $4.28B |
| Low Forecast | $5.18B | $5.16B | $5.14B | $5.16B | $5.10B | $5.07B | $5.08B | $5.08B | $5.14B | $5.08B | $5.10B | $4.43B | $5.12B | $5.09B | $5.17B | $4.03B | $3.19B | $5.13B | $5.04B | $3.66B | $4.98B | $4.86B | $4.74B | $3.68B | $4.72B | $4.53B | $4.36B | $4.12B | $4.40B | $4.28B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.30% | 0.33% | 0.32% | 1.00% | 1.31% | 0.99% | 1.09% | 1.11% | 1.03% | 1.00% | 0.98% | 0.97% | 1.03% | 0.95% | 0.99% | 0.76% | 0.97% | 0.91% |
4 analysts predict CHTR's average Quarter EBITDA for Mar 24 to be $5.54B, with a high of $6.64B and a low of $4.43B. This is 264.05% upper than Charter Communications's previous annual EBITDA (Dec 23) of $1.52B.
Charter Communications Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 5 | 18 | 9 | 4 | 7 | 17 | 8 | 8 | 7 | 7 | 12 | 7 | 14 | 8 | 9 | 15 | 10 | 15 | 9 | 9 | 8 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $1.06B | $1.25B | $1.22B | $1.02B | $1.20B | $1.19B | $1.47B | $1.20B | $1.83B | $1.22B | $1.02B | $807.00M | $1.25B | $814.00M | $766.00M | $396.00M | $714.00M | $387.00M |
| Avg Forecast | $1.42B | $1.35B | $1.30B | $1.30B | $1.25B | $1.22B | $1.27B | $1.18B | $1.31B | $1.25B | $1.16B | $1.36B | $1.27B | $1.17B | $1.17B | $1.24B | $1.25B | $1.21B | $1.05B | $1.12B | $1.01B | $834.20M | $694.43M | $835.42M | $699.56M | $445.91M | $364.77M | $522.20M | $364.07M | $242.86M |
| High Forecast | $1.43B | $1.36B | $1.31B | $1.31B | $1.26B | $1.23B | $1.28B | $1.24B | $1.39B | $1.36B | $1.16B | $1.63B | $1.41B | $1.30B | $1.18B | $1.48B | $1.50B | $1.21B | $1.05B | $1.35B | $1.01B | $834.20M | $694.43M | $1.00B | $699.56M | $445.91M | $364.77M | $626.64M | $364.07M | $242.86M |
| Low Forecast | $1.41B | $1.34B | $1.29B | $1.29B | $1.24B | $1.21B | $1.26B | $1.12B | $1.21B | $1.12B | $1.16B | $1.09B | $1.12B | $1.03B | $1.16B | $988.28M | $997.31M | $1.21B | $1.05B | $898.44M | $1.01B | $834.20M | $694.43M | $668.33M | $699.56M | $445.91M | $364.77M | $417.76M | $364.07M | $242.86M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.83% | 1.07% | 1.05% | 0.83% | 0.96% | 0.98% | 1.41% | 1.07% | 1.81% | 1.46% | 1.47% | 0.97% | 1.78% | 1.83% | 2.10% | 0.76% | 1.96% | 1.59% |
Charter Communications's average Quarter net income forecast for Mar 24 is $1.36B, with a range of $1.09B to $1.63B. CHTR's average Quarter net income forecast represents a 28.44% increase compared to the company's last Quarter net income of $1.06B (Dec 23).
Charter Communications SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 5 | 18 | 9 | 4 | 7 | 17 | 8 | 8 | 7 | 7 | 12 | 7 | 14 | 8 | 9 | 15 | 10 | 15 | 9 | 9 | 8 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $946.00M | $846.00M | $861.00M | $806.00M | $826.00M | $98.00M | - | - | - | $88.00M | $83.00M | - | - | $77.00M | - |
| Avg Forecast | $954.71M | $950.10M | $947.14M | $950.38M | $939.61M | $933.82M | $935.98M | $934.83M | $949.38M | $940.03M | $935.47M | $933.04M | $942.94M | $939.04M | $952.57M | $848.21M | $75.88M | $941.33M | $924.46M | $771.10M | $912.31M | $890.15M | $868.32M | $860.32M | $865.09M | $830.77M | $798.65M | $810.49M | $807.18M | $785.01M |
| High Forecast | $960.66M | $956.02M | $953.04M | $956.30M | $945.46M | $939.63M | $941.81M | $937.59M | $958.34M | $946.59M | $935.47M | $1.12B | $947.75M | $945.64M | $958.50M | $1.02B | $91.06M | $941.33M | $924.46M | $925.32M | $912.31M | $890.15M | $868.32M | $860.32M | $865.09M | $830.77M | $798.65M | $810.49M | $807.18M | $785.01M |
| Low Forecast | $949.82M | $945.23M | $942.29M | $945.50M | $934.79M | $929.03M | $931.18M | $932.07M | $942.48M | $931.25M | $935.47M | $746.43M | $938.13M | $933.01M | $947.69M | $678.57M | $60.71M | $941.33M | $924.46M | $616.88M | $912.31M | $890.15M | $868.32M | $860.32M | $865.09M | $830.77M | $798.65M | $810.49M | $807.18M | $785.01M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.12% | 11.15% | 0.91% | 0.87% | 1.07% | 0.11% | - | - | - | 0.10% | 0.10% | - | - | 0.10% | - |
Charter Communications's average Quarter SG&A projection for Jun 23 is $952.57M, based on 8 Wall Street analysts, with a range of $947.69M to $958.50M. The forecast indicates a 0.69% rise compared to CHTR last annual SG&A of $946.00M (Mar 23).
Charter Communications EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 5 | 18 | 9 | 4 | 7 | 17 | 8 | 8 | 7 | 7 | 12 | 7 | 14 | 8 | 9 | 15 | 10 | 15 | 9 | 9 | 8 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $7.23 | $8.42 | $8.15 | $6.74 | $7.79 | $7.51 | $8.96 | $7.05 | $10.44 | $6.69 | $5.48 | $4.22 | $6.33 | $4.01 | $3.72 | $1.91 | $3.36 | $1.77 |
| Avg Forecast | $9.78 | $9.33 | $8.95 | $8.96 | $8.63 | $8.42 | $8.74 | $8.12 | $9.03 | $8.61 | $7.98 | $7.86 | $8.76 | $8.06 | $8.06 | $7.46 | $8.83 | $8.34 | $7.22 | $6.54 | $7.00 | $5.76 | $4.79 | $4.25 | $4.83 | $3.08 | $2.52 | $2.61 | $2.51 | $1.68 |
| High Forecast | $9.86 | $9.41 | $9.02 | $9.03 | $8.70 | $8.49 | $8.81 | $8.52 | $9.61 | $9.36 | $7.98 | $7.86 | $9.69 | $8.98 | $8.13 | $7.52 | $8.90 | $8.34 | $7.22 | $6.54 | $7.00 | $5.76 | $4.79 | $4.25 | $4.83 | $3.08 | $2.52 | $2.61 | $2.51 | $1.68 |
| Low Forecast | $9.71 | $9.27 | $8.89 | $8.90 | $8.58 | $8.36 | $8.68 | $7.71 | $8.38 | $7.69 | $7.98 | $7.86 | $7.75 | $7.11 | $8.01 | $7.41 | $8.77 | $8.34 | $7.22 | $6.54 | $7.00 | $5.76 | $4.79 | $4.25 | $4.83 | $3.08 | $2.52 | $2.61 | $2.51 | $1.68 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.83% | 1.04% | 1.01% | 0.90% | 0.88% | 0.90% | 1.24% | 1.08% | 1.49% | 1.16% | 1.14% | 0.99% | 1.31% | 1.30% | 1.48% | 0.73% | 1.34% | 1.06% |
According to 4 Wall Street analysts, Charter Communications's projected average Quarter EPS for Mar 24 is $7.86, with a low estimate of $7.86 and a high estimate of $7.86. This represents a 8.76% increase compared to CHTR previous annual EPS of $7.23 (Dec 23).
Charter Communications Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CABO | Cable One | $364.04 | $1.02K | 180.65% | Buy |
| LBRDA | Liberty Broadband | $91.15 | $158.00 | 73.34% | Buy |
| CHTR | Charter Communications | $375.83 | $520.08 | 38.38% | Hold |
| TIMB | TIM | $14.36 | $18.15 | 26.39% | Buy |
| CMCSA | Comcast | $42.53 | $53.14 | 24.95% | Buy |
| VZ | Verizon Communications | $41.06 | $49.95 | 21.65% | Buy |
| T | AT&T | $21.92 | $26.05 | 18.84% | Buy |
| FYBR | Frontier Communications Parent | $35.41 | $34.33 | -3.05% | Hold |
| CCOI | Cogent Communications | $81.43 | $74.00 | -9.12% | Buy |
| TMUS | T-Mobile US | $224.25 | $200.00 | -10.81% | Buy |
| LUMN | Lumen | $7.48 | $5.63 | -24.73% | Hold |
CHTR Forecast FAQ
Is Charter Communications a good buy?
No, according to 30 Wall Street analysts, Charter Communications (CHTR) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 13 'Buy' recommendations, accounting for 43.33% of CHTR's total ratings.
What is CHTR's price target?
Charter Communications (CHTR) average price target is $520.08 with a range of $250 to $900, implying a 38.38% from its last price of $375.83. The data is based on 30 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Charter Communications stock go up soon?
According to Wall Street analysts' prediction for CHTR stock, the company can go up by 38.38% (from the last price of $375.83 to the average price target of $520.08), up by 139.47% based on the highest stock price target, and down by -33.48% based on the lowest stock price target.
Can Charter Communications stock reach $600?
CHTR's highest twelve months analyst stock price target of $900 supports the claim that Charter Communications can reach $600 in the near future.
What are Charter Communications's analysts' financial forecasts?
Charter Communications's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $54.4B (high $54.7B, low $54.15B), average EBITDA is $20.42B (high $20.53B, low $20.33B), average net income is $4.92B (high $5.01B, low $4.83B), average SG&A $3.74B (high $3.76B, low $3.73B), and average EPS is $33.91 (high $34.52, low $33.33). CHTR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $55.25B (high $55.59B, low $54.96B), average EBITDA is $20.74B (high $20.87B, low $20.63B), average net income is $5.37B (high $5.41B, low $5.33B), average SG&A $3.8B (high $3.83B, low $3.78B), and average EPS is $37.02 (high $37.32, low $36.77).
Did the CHTR's actual financial results beat the analysts' financial forecasts?
Based on Charter Communications's last annual report (Dec 2023), the company's revenue was $54.61B, which missed the average analysts forecast of $54.82B by -0.38%. Apple's EBITDA was $6.47B, missing the average prediction of $20.5B by -68.42%. The company's net income was $4.56B, missing the average estimation of $4.85B by -5.95%. Apple's SG&A was $0, missing the average forecast of $3.68B by -100.00%. Lastly, the company's EPS was $30.54, missing the average prediction of $32.34 by -5.58%. In terms of the last quarterly report (Dec 2023), Charter Communications's revenue was $13.71B, beating the average analysts' forecast of $13.7B by 0.07%. The company's EBITDA was $1.52B, missing the average prediction of $5.14B by -70.43%. Charter Communications's net income was $1.06B, missing the average estimation of $1.27B by -16.77%. The company's SG&A was $0, missing the average forecast of $942.94M by -100.00%. Lastly, the company's EPS was $7.23, missing the average prediction of $8.76 by -17.49%