CHTR: Liberty Broadband sells $142.7M stake; insider buying paused 47 days

Liberty Broadband gifts $143M CHTR stake at 50% off 52w high

Liberty Broadband just moved $142.7M of Charter Communications off its books. Discretionary. Not a scheduled sale, not a 10b5-1 plan. They chose this week to gift away 1.6% of their stake in CHTR while the stock trades at $220, down from a 52-week high of $437. Charter's down 50% from that peak.

Liberty Broadband is selling into the crater. Here's the context that matters: Liberty Broadband is Charter's largest shareholder. When your biggest backer starts gifting away stakes at the bottom of a 52-week range, it's not a vote of confidence in the recovery timeline. The stock's flat year-to-date after falling off a cliff. Liberty could have waited for a bounce. They didn't.

Horizon Kinetics adds $443K TPL at $444 after 19% YTD drop

Horizon Kinetics just bought $443 of TPL shares in a discretionary trade. The firm has now made 20 consecutive buys over two years without a single sale. TPL trades 19% below its 52-week high as the stock consolidates after doubling from last year's low.

Public Storage taps $600M credit facility amid REIT expansion

Public Storage borrowed $500 million through a new term loan facility priced at SOFR plus 55 basis points. The REIT is trading near the bottom of its 52-week range despite strong fundamentals in self-storage. The fresh capital likely funds property acquisitions or development as management capitalizes on the sector's pricing power.

McCormick signs material agreement, details pending in exhibits

McCormick just locked in $2B of committed credit through 2030, replacing its expiring facility ahead of schedule. The spice giant is securing flexible capital at a time when rates are still elevated and its stock sits near 52-week lows after a tough year. With strong brand power but slowing consumer spending, having ample dry powder for acquisitions or working capital buffers makes sense when trading at the bottom of its range.

McKesson taps $3.5B credit facility with 28-bank syndicate

McKesson issued $1.5 billion in senior notes split across 2030 and 2035 maturities to refinance existing debt and fund general corporate purposes. The healthcare distributor is locking in long-term capital near its 52-week high while interest rates remain elevated. The move gives MCK flexibility to pursue acquisitions in specialty pharma distribution without pressuring near-term cash flow.

Market Context