Charter Communications Inc.’s recently made public 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 $2.53 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.
Pivotal Research Group reiterated its Charter Communications Inc. [CHTR] rating to a Buy in a research note published on April 29, 2024; the price target was $400. A number of analysts have revised their coverage, including Bernstein’s analysts, who increased its forecast for the stock in mid March from “a Mkt perform” to “an Outperform”. Rosenblatt also remained covering CHTR and has decreased its forecast on February 20, 2024 with a “Neutral” recommendation from previously “Buy” rating. Pivotal Research Group maintained its rating on February 05, 2024. It rated CHTR as “a Buy”.
Price Performance Review of CHTR
On Monday, Charter Communications Inc. [NASDAQ:CHTR] saw its stock jump 2.08% to $271.47. Over the last five days, the stock has gained 4.51%. Charter Communications Inc. shares have fallen nearly -30.16% since the year began. Nevertheless, the stocks have fallen -22.17% over the past one year. While a 52-week high of $458.30 was reached on 01/02/24, a 52-week low of $236.08 was recorded on 04/26/24. SMA at 50 days reached $277.40, while 200 days put it at $367.33. A total of 1.23 million shares were traded, compared to the trading of 0.77 million shares in the previous session.
Levels Of Support And Resistance For CHTR Stock
The 24-hour chart illustrates a support level at 266.97, which if violated will result in even more drops to 262.46. On the upside, there is a resistance level at 274.83. A further resistance level may holdings at 278.18. The Relative Strength Index (RSI) on the 14-day chart is 53.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.88%. Stochastics %K at 83.86% indicates the stock is a selling.
