Update: Optimum Shares Gain Intraday After $6 Million Network Investment

03:04 PM EDT, 08/28/2026 (MT Newswires) -- (Updates with stock move in the headline, first and second paragraph.) Optimum Communications (OPTU) shares gained as much as 7.8% in intraday trading on Friday after the company said it has invested $6 million to strengthen its network in Lubbock, Texas. The stock was about 0.5% lower in afternoon trading amid a broadly weaker market. The company said it built about 100-mile fiber ring to power the backbone of its local network as part of the investment. Price: 1.02, Change: -0.01, Percent Change: -0.49