Do Traders Think Charter Communications Inc (CHTR) Can Turn Around Friday?

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

Charter Communications Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CHTR!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With CHTR Stock Today?

Charter Communications Inc (CHTR) stock is higher by 0.32% while the S&P 500 is lower by -1.17% as of 2:27 PM on Friday, Jan 21. CHTR is higher by $1.81 from the previous closing price of $572.16 on volume of 593,727 shares. Over the past year the S&P 500 is up 15.02% while CHTR is lower by -10.71%. CHTR earned $21.69 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 26.44. 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.