Charter Communications (Nasdaq:CHTR) is trading at unusually high volume Tuesday with 3.1 million shares changing hands. It is currently at 3.2 times its average daily volume and trading up $2.09 (+2.1%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Charter Communications (Nasdaq: CHTR) is trading at unusually high volume Tuesday with 3.1 million shares changing hands. It is currently at 3.2 times its average daily volume and trading up $2.09 (+2.1%) at $100.13 as of 1:56 p.m. ET.
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Charter has a market cap of $9.12 billion and is part of the services sector and media industry. Shares are up 28.6% year to date as of the close of trading on Monday. Charter Communications, Inc., through its subsidiaries, provides entertainment, information, and communications solutions to residential and commercial customers in the United States. TheStreet Ratings rates Charter as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and disappointing return on equity. You can view the full Charter Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
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