Large Outflow of Money Witnessed in Charter Communications

Charter Communications (NASDAQ:CHTR) During the most recent session, the shares traded at 0.57 points or 0.25% higher at $224.1. The money flow data is unimpressive with the net money flow value of $(-4.14) million. As per the intraday data, the upticks measured $88.04 million and the downticks measured $92.18 million. As a result, the up/down ratio registered a value of 0.96. The shares have seen -0.38% price change for the week.A block trade also made an entry with $0 million flowing in through upticks while $5.6 million flew out through downticks. The block tradeoff had the up/down ratio of 0. The net money flow for this big transaction was $(-5.6) million.


Currently 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 -17.17% . Institutional Investors own 46.23% of Charter Communications shares. During last six month period, the net percent change held by insiders has seen a change of -11.85%. On the companys insider trading activities, Hargis Jonathan, officer (EVP/Chief Marketing Officer) of Charter Communications, Inc. /Mo/, unloaded 6,350 shares at an average price of $215.04 on May 2, 2016. The total amount of the transaction was worth $1,365,504, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Charter Communications (NASDAQ:CHTR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.25 points or 0.11% at $223.28 with 2,818,816 shares getting traded. Post opening the session at $223.42, the shares hit an intraday low of $223.04 and an intraday high of $226.35 and the price was in this range throughout the day. The company has a market cap of $22,706 million and the number of outstanding shares have been calculated to be 101,693,652 shares. The 52-week high of Charter Communications (NASDAQ:CHTR) is $242.8445 and the 52-week low is $172.67198.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, JP Morgan maintains its outlook on Charter Communications (NASDAQ:CHTR). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm raises the price target from $236 per share to $284 per share. The rating by the firm was issued on May 18, 2016.

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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