The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Charter Communications Inc. shares valued at $265,518 were sold by Jacobson Craig A on Feb 28 ’24. At $289.24 per share, Jacobson Craig A sold 918 shares. The insider’s holdings dropped to 9,331 shares worth approximately $2.5 million following the completion of this transaction.
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Also, Winfrey Christopher L purchased 5,050 shares, netting a total of over 1,491,214 in proceeds. Following the buying of shares at $295.29 each, the insider now holds 57,703 shares.
Before that, Rutledge Thomas had sold 83,970 shares from its account. In a trade valued at $34,496,611, the Executive Chairman traded Charter Communications Inc. shares for $410.82 each. Upon closing the transaction, the insider’s holdings decreased to 83,970 shares, worth approximately $0.0.
As published in a research note from Pivotal Research Group on April 29, 2024, Charter Communications Inc. [CHTR] has been retained to a Buy and the price target has been revised to $400. Analysts at Bernstein upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid March. As of February 20, 2024, Rosenblatt has decreased its “Buy” rating to a “Neutral” for CHTR. Earlier on February 05, 2024, Pivotal Research Group resumed its rating. Their recommendation was “a Buy” for CHTR stock.
Analyzing CHTR Stock Performance
During the last five days, there has been a drop of approximately -3.29%. Over the course of the year, Charter Communications Inc. shares have dropped approximately -30.94%. Shares of the company reached a 52-week high of $393.50 on 01/02/24 and a 52-week low of $236.08 on 04/26/24. A 50-day SMA is recorded $273.27, while a 200-day SMA reached $358.55. Nevertheless, trading volume fell to 1.08 million shares from 0.81 million shares the previous day.
Support And Resistance Levels for Charter Communications Inc. (CHTR)
According to the 24-hour chart, there is a support level at 266.08, which, if violated, would cause prices to drop to 263.75. In the upper region, resistance lies at 270.72. The next price resistance is at 273.02. RSI (Relative Strength Index) is 47.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.06, which suggests the price will decrease in the coming days. Percent R is at 71.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
