Charter Communications Inc’s recently made public that its Director Rutledge Thomas acquired Company’s shares for reported $6.0 million on Nov 14 ’24. In the deal valued at $400.00 per share,15,000 shares were bought.
Exane BNP Paribas downgraded its Charter Communications Inc [CHTR] rating to an Underperform from a a Neutral in a research note published recently. KeyBanc Capital Markets also remained covering CHTR and has increased its forecast on December 12, 2024 with a “an Overweight” recommendation from previously “Sector weight” rating. Exane BNP Paribas revised its rating on November 26, 2024. It rated CHTR as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of CHTR
On Friday, Charter Communications Inc [NASDAQ:CHTR] saw its stock jump 0.52% to $385.00. Over the last five days, the stock has gained 3.04%. Charter Communications Inc shares have risen nearly 12.32% since the year began. Nevertheless, the stocks have risen 50.43% over the past one year. While a 52-week high of $415.27 was reached on 04/30/25, a 52-week low of $260.03 was recorded on 04/09/25. SMA at 50 days reached $359.18, while 200 days put it at $354.42.
Levels Of Support And Resistance For CHTR Stock
The 24-hour chart illustrates a support level at 382.97, which if violated will result in even more drops to 380.95. On the upside, there is a resistance level at 387.25. A further resistance level may holdings at 389.51. The Relative Strength Index (RSI) on the 14-day chart is 61.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 31.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.62%. Stochastics %K at 91.55% indicates the stock is a selling.
How much short interest is there in Charter Communications Inc?
A steep rise in short interest was recorded in Charter Communications Inc stocks on 2025-04-15, dropping by -0.94 million shares to a total of 11.26 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 12.19 million shares. There was a decline of -8.33%, which implies that there is a negative sentiment for the stock.
