Large Outflow of Money Witnessed in Charter Communications, Inc.

Charter Communications, Inc. (CHTR) jumped 2.9 points or 0.9% on strong buying and was last priced at $326.85 per share. The shares saw huge fund flow intraday; a massive $63.02 million made their way in through the upticks but an even bigger $78.06 million made their way out through downticks. As per the last observation, the net money flow stood at $(-15.04) million and the up/down ratio was found to be 0.81. The shares have seen a weekly value change of 1.02% .A block trade was recorded in the company shares with a net money flow of $(-6.61) million. The composite value of the funds in upticks was $3.87 million and the total value of funds in downticks was $10.48. As can be seen from the data, the block transaction had the up/down ratio of 0.37.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Charter Communications, Inc. rose by 5.33% in the last five trading days and 13.52% for the last 4 weeks. Charter Communications, Inc. is up 30.8% in the last 3-month period. Year-to-Date the stock performance stands at 13.52%. Charter Communications, Inc. (NASDAQ:CHTR) rose 0.9% or 2.9 points on Wednesday and made its way into the gainers of the day. After trading began at $323.85 the stock was seen hitting $327.0099 as a peak level and $321.94 as the lowest level. The stock ended up at $326.85. The daily volume was measured at 944,235 shares. The 52-week high of the share price is $341.5 and the 52-week low is $172.67198. The company has a market cap of $87,857 million.

Company has reported several Insider transactions to the SEC, on Sep 13, 2016, John Bickham (President and COO) sold 36,825 shares at 257.02 per share price.On Aug 19, 2016, Mauricio Ramos (director) purchased 1,000 shares at 255.00 per share price.On Aug 15, 2016, Richard R Dykhouse (EVP/Gen Counsel/Corp Secretary) sold 8,380 shares at 256.73 per share price.

Charter Communications Last issued its quarterly earnings results on Nov 3, 2016. The company reported $0.69 EPS for the quarter, missing the analyst consensus estimate by $ -0.10. Analyst had a consensus of $0.79. The company had revenue of $10037.00 million for the quarter, compared to analysts expectations of $10012.83 million. The companys revenue was up 309.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Charter Communications was Initiated by HSBC Securities to Hold on Jan 19, 2017. Charter Communications was Initiated by RBC Capital Mkts on Dec 6, 2016 to Outperform, Price Target of the shares are set at $325.Charter Communications was Upgraded by MoffettNathanson to Buy on Nov 10, 2016.

Charter Communications is a leading broadband communications company and the fourth-largest cable operator in the United States. Charter provides a full range of advanced broadband services, including advanced Charter Spectrum TV video entertainment programming, Charter Spectrum Internet access, and Charter Spectrum Voice. Spectrum Business similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. Charters advertising sales and production services are sold under the Charter Media brand.


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