Large Outflow of Money Witnessed in Charter Communications

Charter Communications (CHTR) : The value of composite uptick trades was $82.8 million, whereas, the value of composite downtick trades was $119.34 million. The uptick to downtick ratio stood at 0.69 with a negative money flow of ($36.54) Million during Fridays trading session. The block trades money flow was negative ($34.56 million).The uptick to the downtick ratio of 0.08 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $2.98 million. The transaction of the trades on downticks amounted to $37.53 million, which confirms investors selling on the strength of price. Charter Communications (CHTR) gained 299 cents at $243.47, an increase of 1.24% over the previous days close.


Charter Communications (CHTR) : 9 Wall Street analysts covering Charter Communications (CHTR) believe that the average level the stock could reach for the short term is $264.36. The maximum price target given is $285 and the minimum target for short term is around $230, hence the standard deviation is calculated at $24.07.

Charter Communications (NASDAQ:CHTR): stock turned positive on Friday. Though the stock opened at $241.36, the bulls momentum made the stock top out at $244.44 level for the day. The stock recorded a low of $239 and closed the trading day at $243.47, in the green by 1.24%. The total traded volume for the day was 1,648,868. The stock had closed at $240.48 in the previous days trading.

In a related news, 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, 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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