Charter Communications Inc.’s filing revealed that its Director Jacobson Craig A unloaded Company’s shares for reported $0.27 million on Feb 28 ’24. In the deal valued at $289.24 per share,918 shares were sold. As a result of this transaction, Jacobson Craig A now holds 9,331 shares worth roughly $2.4 million.
Then, Winfrey Christopher L bought 5,050 shares, generating $1,491,214 in total proceeds. Upon buying the shares at $295.29, the President and CEO now owns 57,703 shares.
Before that, Rutledge Thomas sold 83,970 shares. Charter Communications Inc. shares valued at $34,496,611 were divested by the Executive Chairman at a price of $410.82 per share. As a result of the transaction, Rutledge Thomas now holds 0 shares, worth roughly $0.0.
Bernstein upgraded its Charter Communications Inc. [CHTR] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Neutral”. Pivotal Research Group also remained covering CHTR and reiterated its “Buy” recommendation on February 05, 2024. Wells Fargo revised its rating on February 05, 2024. It rated CHTR as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of CHTR
On Monday, Charter Communications Inc. [NASDAQ:CHTR] saw its stock fall -1.38% to $256.90. Over the last five days, the stock has lost -5.91%. Charter Communications Inc. shares have fallen nearly -33.90% since the year began. Nevertheless, the stocks have fallen -26.10% over the past one year. While a 52-week high of $458.30 was reached on 01/02/24, a 52-week low of $258.56 was recorded on 04/15/24. SMA at 50 days reached $287.18, while 200 days put it at $375.95. A total of 1.26 million shares were traded, compared to the trading of 1.15 million shares in the previous session.
Levels Of Support And Resistance For CHTR Stock
The 24-hour chart illustrates a support level at 253.44, which if violated will result in even more drops to 249.99. On the upside, there is a resistance level at 262.29. A further resistance level may holdings at 267.69. The Relative Strength Index (RSI) on the 14-day chart is 30.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.08%. Stochastics %K at 10.17% indicates the stock is a buying.
