Charter Communications (NASDAQ:CHTR) has tumbled 1.11% during the past week and has dropped 5.17% in the last 4 week period. The company has outperformed the S&P 500 by 0.08% in the past week but underperformed the index by 6.04% in the last 4 weeks.
Charter Communications (NASDAQ:CHTR): The stock opened at $221.63 on Friday but the bulls could not build on the opening and the stock topped out at $223.03 for the day. The stock traded down to $219.47 during the day, due to lack of any buying support eventually closed down at $221.05 with a loss of -0.19% for the day. The stock had closed at $221.48 on the previous day. The total traded volume was 7,134,953 shares.
The company shares have rallied 29.79% from its 1 Year high price. On May 20, 2016, the shares registered one year high at $233.70 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $219.66 and the 200 Day Moving Average price is recorded at $193.63.
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.
Many analysts have stated their opinion on the company shares. Citigroup maintains their rating on the shares of Charter Communications (NASDAQ:CHTR). The current rating of the shares is Buy. Equity Analysts at the Firm maintains the price target to $270 per share. The rating by the firm was issued on June 16, 2016. 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%.
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.