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.