Large Inflow of Money Detected in Charter Communications

Charter Communications (CHTR) : On Tuesday, The money flowed into the Charter Communications (CHTR) stock with an uptick to downtick ratio was recorded at 1.26. Transactions worth $22.71 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $18.02 million. The total money flow into the stock was $4.68 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $5.12 million of block transactions on upticks. The total money flow in block trades was $5.12 million. In terms of price action, Charter Communications (CHTR) traded down $0.33 during the session at $251.99. Compared to the previous days closing, the stock was down only by -0.13%. For the week, the stock is 0.42%, over previous weeks closing.


Also, Major Brokerage house, Barclays maintains its ratings on Charter Communications (NASDAQ:CHTR). In the latest research report, Barclays raises the target price from $238 per share to $265 per share. According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. The rating by the firm was issued on August 16, 2016.

Shares of Charter Communications, Inc. rose by 1.5% in the last five trading days and 8.49% for the last 4 weeks. Charter Communications, Inc. is up 12.54% in the last 3-month period. Year-to-Date the stock performance stands at 39.83%.

Charter Communications (NASDAQ:CHTR): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $251.55 and $250.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $256.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $256.03, notching a gain of 1.47% for the day. The total traded volume was 1,425,722 . The stock had closed at $252.31 on the previous day.

In a related news, Ramos Mauricio, director of Charter Communications, Inc. /Mo/, executed a transaction worth $255,000 on August 18, 2016. A total of 1,000 shares were purchased at an average price of $255. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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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