Large Outflow of Money Witnessed in Charter Communications

Charter Communications (CHTR) : Wednesdays money flow analysis of Charter Communications (CHTR) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $86.12 million. In comparison, the inflow of money on upticks was a meager $64.51 million. The dollar value of composite uptick trades minus the downtick trades was negative $21.61 million. The uptick to downtick ratio of 0.75 in the money flow shows weakness. The downtick transaction value was high at $19.21 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($19.21 million). Charter Communications (CHTR) gained $1.17 at $276.57, a change of 0.42% over the previous days close.


Shares of Charter Communications, Inc. rose by 0.84% in the last five trading days and 9.62% for the last 4 weeks. Charter Communications, Inc. is up 21.64% in the last 3-month period. Year-to-Date the stock performance stands at 51.05%.

Charter Communications (CHTR) : 8 brokerage houses believe that Charter Communications (CHTR) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Charter Communications (CHTR). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 1.65.

Charter Communications (NASDAQ:CHTR): The stock opened at $275.4 and touched an intraday high of $276.61 on Wednesday. During the day, the stock corrected to an intraday low of $273.66, however, the bulls stepped in and pushed the price higher to close in the green at $276.57 with a gain of 0.42% for the day. The total traded volume for the day was 1,175,549. The stock had closed at $275.4 in the previous trading session.

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.

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