Charter Communications (CHTR) has risen sharply, recording gains of 6.3% in the past 4 weeks. However, the stock has corrected -0.92% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.85% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 2.95% and the 50-Day Moving Average is 5.19%.
Charter Communications (NASDAQ:CHTR): The stock opened at $240.41 on Friday but the bulls could not build on the opening and the stock topped out at $240.41 for the day. The stock traded down to $234.21 during the day, due to lack of any buying support eventually closed down at $234.98 with a loss of -1.73% for the day. The stock had closed at $239.11 on the previous day. The total traded volume was 1,987,309 shares.
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 -26.08% . Institutional Investors own 46.38% of Charter Communications shares. During last six month period, the net percent change held by insiders has seen a change of -11.85%. 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.