Charter Communications, Inc. /mo/ (CHTR) Files Form 4 Insider Selling : Jonathan Hargis Sells 6,350 Shares

Charter Communications, Inc. /mo/ (CHTR): Jonathan Hargis , EVP/Chief Marketing Officer of Charter Communications, Inc. /mo/ sold 6,350 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $215.04 per share for a total value of $1,364,918.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 6, 2016, John D Jr Markley (director) sold 2,000 shares at $205.13 per share price.On Mar 2, 2016, Jonathan Hargis (EVP/Chief Marketing Officer) sold 2,000 shares at $183.71 per share price.Also, On Aug 28, 2015, Richard R Dykhouse (EVP/Gen Counsel/Corp Secretary) sold 7,000 shares at $180.00 per share price.On Aug 24, 2015, David C Merritt (director) sold 2,500 shares at $185.01 per share price.

Charter Communications: On Monday, May 2, 2016 heightened volatility was witnessed in Charter Communications which led to swings in the share price. The shares opened for trading at $212.25 and hit $218.68 on the upside , eventually ending the session at $216.53, with a gain of 2.02% or 4.29 points. The heightened volatility saw the trading volume jump to 29,05,885 shares. The 52-week high of the share price is $218.68 and the company has a market cap of $24,353 M . The 52-week low of the share price is at $156.13.

Charter Communications Money Flow Index Chart

Company has been under the radar of several Street Analysts.Charter Communications is Reiterated by UBS to Buy and the brokerage firm has raised the Price Target to $ 250 from a previous price target of $220 .The Rating was issued on Mar 29, 2016.Charter Communications is Upgraded by JP Morgan to Overweight. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Feb 25, 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 Company’s voice services are primarily provided using voice over Internet protocol (VoIP) technology to transmit digital voice signals over the Company’s systems.

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