Shares of Charter Communications (CHTR) Sees Large Outflow of Money

Charter Communications (CHTR) : The total negative money flow of $2.46 million on Thursday indicates selling on strength. The inflow of money on upticks was $29.41 million, compared to $31.86 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.92. The negative money flow of $4.65 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $4.65 million in a block trade.The transaction value of block trade on downtick was $0 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 $233 with a gain of $0.22 , a change of 0.09% over the previous days close. The stock registered 0.31% for the week.


Charter Communications (CHTR) stock is expected to deviate a maximum of $24.07 from the average target price of $264.36 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $285 and the most muted being $230. The stock has recorded a 20-day Moving Average of 4.99% and the 50-Day Moving Average is 6.66%.

Charter Communications (NASDAQ:CHTR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $232.34 and $232.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $235.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $234.87, notching a gain of 0.90% for the day. The total traded volume was 1,164,075 . The stock had closed at $232.78 on the previous day.

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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