Charter Communications Shares Rise 5.3% in Today’s US Session
Charter Communications shares rose 5.3% in today's US session, trading at $107.93 as of 8pm in London, though the cable and broadband group remains far below its 52-week high.
Charter Communications (NASDAQ: CHTR) shares rose 5.3% today, trading at $107.93 at 8pm in London. The US telecom services group, which sells cable, broadband and mobile services, has traded from a low of $103.31 in a session that is still running, with the shares at the day’s high.
Even after the gain, Charter is 59.5% below its 52-week high and 5.3% above its 52-week low. The shares are down 48.3% so far this year.
Charter’s shares over the past month, with today’s session so far marked
How unusual this is
A 5.3% gain ranks 14th among Charter’s daily moves of the past six months. That puts it among the larger sessions of the period without making it the largest.
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Today’s move against six months of daily changes
In the news
Charter closed at $103.38 on Friday and had returned -54.3% over six months as of that close. At Friday’s close the shares traded at 2.69 times earnings, with 41.52% of the float, the shares freely available to trade, sold short, meaning borrowed and sold in a bet on a fall.
Charter is next due to report results on the 6th of November.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
