Cablevision (CVC) Slumps on BofA Two-Notch Downgrade, COO Resignation
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Cablevision (NYSE: CVC) is down fairly well after BofA/Merrill Lynch downgraded the stock by two notches, from Buy to Underperform.
The move comes Chief Operating Officer Tom Rutledge said he was resigning from his position late Thursday.
Cablevision is down about 8 percent ahead of the bell.
The move comes Chief Operating Officer Tom Rutledge said he was resigning from his position late Thursday.
Cablevision is down about 8 percent ahead of the bell.
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