Company Shares of Charter Communications (NASDAQ:CHTR) Rally 2.1%

Charter Communications (NASDAQ:CHTR) : Traders are bullish on Charter Communications (NASDAQ:CHTR) as it has outperformed the S&P 500 by a wide margin of 4.42% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.81%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.1% in the last 1 week, and is up 6.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have rallied 32.84% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $238.27 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $224.68 and the 200 Day Moving Average price is recorded at $198.17.

The stock has recorded a 20-day Moving Average of 5.74% and the 50-Day Moving Average is 7.47%.


Charter Communications (NASDAQ:CHTR): stock turned positive on Friday. Though the stock opened at $237.06, the bulls momentum made the stock top out at $238.27 level for the day. The stock recorded a low of $235.89 and closed the trading day at $237.17, in the green by 0.98%. The total traded volume for the day was 1,615,406. The stock had closed at $234.87 in the previous days trading.

In an insider trading activity,The officer (EVP/Chief Marketing Officer) of Charter Communications, Inc. /Mo/, Hargis Jonathan sold 6,350 shares at $215.04 on May 2, 2016. The Insider selling transaction had a total value worth of $1,365,504. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Charter Communications, Inc. (Charter) is a provider of cable services in the United States, offering a variety of entertainment, information and communications solutions to residential and commercial customers. The Company sells its video, Internet and voice services primarily on a subscription basis, often in a bundle of two or more services. The Company provides broadband communications solutions to business and carrier organizations, such as video entertainment services, Internet access, business telephone services, data networking and fiber connectivity to cellular towers and office buildings. Through its hybrid fiber and coaxial cable network, the Company offers its customers traditional cable video services, as well as advanced video services, Internet services and voice services. The Companys voice services are primarily provided using voice over Internet protocol (VoIP) technology, to transmit digital voice signals over the Companys systems.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *