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Charter Communications Inc (CHTR) Stock: What Does the Chart Say Friday?

Friday, February 23, 2024 03:13 PM | InvestorsObserver Analysts

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Charter Communications Inc (CHTR) Stock: What Does the Chart Say Friday?

The market has been high on Charter Communications Inc (CHTR) stock recently. CHTR gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Charter Communications Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CHTR!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With CHTR Stock Today?

Charter Communications Inc (CHTR) stock is trading at $298.98 as of 3:05 PM on Friday, Feb 23, an increase of $1.98, or 0.67% from the previous closing price of $297.00. The stock has traded between $294.15 and $302.00 so far today. Volume today is less active than usual. So far 870,521 shares have traded compared to average volume of 1,860,541 shares. To see InvestorsObserver's Sentiment Score for Charter Communications Inc click here.

More About Charter Communications Inc

Charter is the product of the 2016 merger of three cable companies, each with a decades-long history in the business: Legacy Charter, Time Warner Cable, and Bright House Networks. The firm now holds networks capable of providing television, internet access, and phone services to roughly 54 million U.S. homes and businesses, around 40% of the country. Across this footprint, Charter serves 29 million residential and 2 million commercial customer accounts under the Spectrum brand, making it the second-largest U.S. cable company behind Comcast. The firm also owns, in whole or in part, sports and news networks, including Spectrum SportsNet (long-term local rights to Los Angeles Lakers games), SportsNet LA (Los Angeles Dodgers), SportsNet New York (New York Mets), and Spectrum News NY1. Click Here to get the full Stock Report for Charter Communications Inc stock.

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