Large Outflow of Money Witnessed in Charter Communications

Charter Communications (CHTR) : The total negative money flow of $13.45 million on Friday indicates selling on strength. The inflow of money on upticks was $205.76 million, compared to $219.21 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.94. The negative money flow of $4.99 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $4.99 million. The price action in the Charter Communications (CHTR) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $271.79 with a gain of $2.97 , a change of 1.1% over the previous days close. The stock registered 8.31% for the week.


The company Insiders own 1.51% of Charter Communications shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -11.39% . Institutional Investors own 77.16% of Charter Communications shares. During last six month period, the net percent change held by insiders has seen a change of -14.8%.

In a related news, Ramos Mauricio, director of Charter Communications, Inc. /Mo/, had purchased 1,000 shares on August 18, 2016. The total value of the transaction was $255,000. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Charter Communications (NASDAQ:CHTR): The stock opened at $268.68 and touched an intraday high of $272.96 on Friday. During the day, the stock corrected to an intraday low of $268.68, however, the bulls stepped in and pushed the price higher to close in the green at $271.79 with a gain of 1.10% for the day. The total traded volume for the day was 3,715,126. The stock had closed at $268.82 in the previous trading session.

Charter Communications (CHTR) : Traders are bullish on Charter Communications (CHTR) as it has outperformed the S&P 500 by a wide margin of 15.91% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.77%, 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 8.31% in the last 1 week, and is up 15.76% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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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