Charter Communications (CHTR) : Traders are bullish on Charter Communications (CHTR) as it has outperformed the S&P 500 by a margin of 5.2% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.98%, 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 3.61% in the last 1 week, and is up 12.3% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Charter Communications (NASDAQ:CHTR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $241.36 and $239.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $244.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $243.47, notching a gain of 1.24% for the day. The total traded volume was 1,648,868 . The stock had closed at $240.48 on the previous day.
The stock has recorded a 20-day Moving Average of 5.08% and the 50-Day Moving Average is 7.92%. Charter Communications, Inc. is up 23.02% in the last 3-month period. Year-to-Date the stock performance stands at 32.97%.
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.