Is Charter Communications Inc (CHTR) Stock About to Get Hot Monday?

Overall market sentiment has been down on Charter Communications Inc (CHTR) stock lately. CHTR receives a Bearish rating 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 is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With CHTR Stock Today?

Charter Communications Inc (CHTR) stock has risen 0.31% while the S&P 500 is down -0.21% as of 3:05 PM on Monday, Mar 25. CHTR has risen $0.90 from the previous closing price of $290.60 on volume of 706,689 shares. Over the past year the S&P 500 is up 31.32% while CHTR is down -16.32%. CHTR earned $29.99 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.71. To screen for more stocks like 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.