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

Charter Communications (NASDAQ:CHTR) : The total money flow in Charter Communications (NASDAQ:CHTR) was negative ($6 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $126.43 million. In comparison, the inflow of money into the stock on upticks was $120.44 million. The uptick to downtick ratio was 0.95. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $14.61 million. The negative money flow of ($14.61 million) confirms the selling in Charter Communications (NASDAQ:CHTR) on strength. Charter Communications (NASDAQ:CHTR) gained $8.99 at $227.37, a gain of 4.12% over the previous days close. However, the stock registered 4.88% in the week.


In an insider trading activity, The Securities and Exchange Commission has divulged that Hargis Jonathan, officer (EVP/Chief Marketing Officer) of Charter Communications, Inc. /Mo/, had unloaded 6,350 shares at an average price of $215.04 in a transaction dated on May 2, 2016. The total value of the transaction was worth $1,365,504. 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 46.24% of Charter Communications shares. During last six month period, the net percent change held by insiders has seen a change of -11.85%.

The company shares have rallied 25.80% 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 $221.10 and the 200 Day Moving Average price is recorded at $195.60. Charter Communications (NASDAQ:CHTR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $220.00 and $219.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $228.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $227.37, notching a gain of 4.12% for the day. The total traded volume was 2,182,982 . The stock had closed at $218.38 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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