Boston, MA 01/07/2013 (wallstreetpr) – The shares of the Time Warner Cable Inc (NYSE:TWC) had surged by 3.94 percent to close at $112.48 on Friday. The shares of the company had witnessed intraday movements in the range of $107.38 to $113.06 per share during the day and had thereby readjusted their 52 week high to new peaks. The Time Warner Cable Inc (NYSE:TWC) had a market capitalization of $32.73 billion. The stock opened at $107.84 per share. The shares of Time Warner Cable Inc (NYSE:TWC) now has 52 week high at $113.06 per share and 52 week low value is at $79.18 per share.
Time Warner Cable Inc (NYSE:TWC) operates in the United States across the five geographic regions of Carolinas, Ohio, Southern California, Texas and New York State. The company is primarily involved in supplying high-speed data, voice services and video services to its subscribers. Broadband cable systems which provide high-speed data, voice services and video services are provided to the business and residential subscribers of the company. Time Warner Cable Inc (NYSE:TWC) presently provides three primary services which are subscribed by 14.5 million customers and also includes primary service units of 27.1 million customers. In addition, the company also markets wide range of services in bundled packages and also as separate services. NaviSite, Inc. was acquired by the company in April 2011 and finally Insight Communications Company, Inc was acquired by the company in February 2012.
Time Warner Cable Inc (NYSE:TWC) had recently made an agreement with Microsoft Corp which puts forth that the registered application of the company would be available in Microsoft’s Xbox 360 in the near future. The company presently has an institutional investor’s shareholdings at 92 percent. The Time Warner Cable Inc (NYSE:TWC) has been having a trading volume of 4.40 million shares on Friday and an average volume at 2.57 million shares per day. The company presently holds 290.96 million shares outstanding in the market.