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

Charter Communications (NASDAQ:CHTR) jumped 1.56 points or 0.71% on strong buying and was last priced at $222.68 per share. The shares saw huge fund flow intraday; a massive $69.42 million made their way in through the upticks but an even bigger $75.58 million made their way out through downticks. As per the last observation, the net money flow stood at $(-6.16) million and the up/down ratio was found to be 0.92. The shares have seen a weekly value change of 0.74% .A block trade was recorded in the company shares with a net money flow of $(-11.58) million. The composite value of the funds in upticks was $2.89 million and the total value of funds in downticks was $14.47. As can be seen from the data, the block transaction had the up/down ratio of 0.2.


The stock has recorded a 20-day Moving Average of 0.08% and the 50-Day Moving Average is 3.62%. The company shares have rallied 30% in the past 52 Weeks. On May 20, 2016 The shares registered one year high of $233.7 and one year low was seen on February 8, 2016 at $156.13. The 50-day moving average is $219.91 and the 200 day moving average is recorded at $194.02. S&P 500 has rallied 1.93% during the last 52-weeks.

Charter Communications (NASDAQ:CHTR): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $220.35 and $220.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $223.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $222.81, notching a gain of 0.76% for the day. The total traded volume was 1,655,166 . The stock had closed at $221.12 on the previous day.

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, The officer (EVP/Chief Marketing Officer), of Charter Communications, Inc. /Mo/, Hargis Jonathan had unloaded 6,350 shares at $215.04 per share in a transaction on May 2, 2016. The total value of transaction was $1,365,504. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.