CHTR Stock Summary and Trading Ideas (Charter Communications - Class A | NASDAQ:CHTR)

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 57 million US homes and businesses, around 40% of the country. Across this footprint, Charter serves 30 million residential and 2 million commercial customer accounts under the Spectrum brand, making it the second-largest US 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.

Charter Communications - Class A trades on the NASDAQ stock market under the symbol CHTR.

As of April 19, 2024, CHTR stock price climbed to $265.21 with 1,094,246 million shares trading.

CHTR has a beta of 1.29, meaning it tends to be more sensitive to market movements. CHTR has a correlation of 0.16 to the broad based SPY ETF.

CHTR has a market cap of $39.23 billion. This is considered a Large Cap stock.

Last quarter Charter Communications - Class A reported $14 billion in Revenue and $7.07 earnings per share. This beat revenue expectation by $11 million and missed earnings estimates by -$1.61.

In the last 3 years, CHTR stock traded as high as $825.62 and as low as $254.31.

The top ETF exchange traded funds that CHTR belongs to (by Net Assets): VTI, VOO, QQQ, XLC, SPY.

CHTR has underperformed the market in the last year with a return of -22.8%, while the SPY ETF gained +21.2%. In the last 3 month period, CHTR fell short of the market, returning -27.3%, while SPY returned +4.3%. However, in the most recent 2 weeks CHTR has outperformed the stock market by returning -2.2%, while SPY returned -3.5%.

CHTR support price is $255.68 and resistance is $264.14 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CHTR stock will trade within this expected range on the day.