Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Comcast Corporation shares valued at $397,340 were sold by Murdock Daniel C. on May 27. At $44.50 per share, Murdock Daniel C. sold 8,929 shares. The insider’s holdings dropped to 1,817 shares worth approximately $59415.90000000001 following the completion of this transaction.
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Also, WATSON DAVID N sold 65,410 shares, netting a total of over 2,988,452 in proceeds. Following the sale of shares at $45.69 each, the insider now holds 597,425 shares.
As published in a research note from Atlantic Equities on August 15, 2022, Comcast Corporation [CMCSA] has been rated down from an Overweight to a Neutral and the price target has been revised to $44 from $60. This represents a 25.68% premium over Wednesday’s closing price. Analysts at Redburn downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of August 01, 2022, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for CMCSA. Earlier on July 29, 2022, Wolfe Research downgraded its rating. Their new recommendation was “an Underperform” for CMCSA stock which previously was a “a Peer perform”.
Analyzing CMCSA’s Price Performance
On Wednesday, Comcast Corporation [NASDAQ: CMCSA] plunged -3.37% to $32.70. The stock’s lowest price that day was $32.68, but it reached a high of $34.09 in the same session. During the last five days, there has been a drop of approximately -5.13%. Over the course of the year, Comcast Corporation shares have dropped approximately -35.03%. Shares of the company reached a 52-week high of $52.10 on 01/14/22 and a 52-week low of $32.68 on 09/21/22. A 50-day SMA is recorded $37.95, while a 200-day SMA reached $43.80. Nevertheless, trading volume fell to 36.27 million shares from 26.62 million shares the previous day.
Support And Resistance Levels for Comcast Corporation (CMCSA)
According to the 24-hour chart, there is a support level at 32.22, which, if violated, would cause prices to drop to 31.75. In the upper region, resistance lies at 33.63. The next price resistance is at 34.57. RSI (Relative Strength Index) is 33.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.00, which suggests the price will decrease in the coming days. Percent R is at 99.54%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Comcast Corporation subject to short interest?
Stocks of Comcast Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -7.08 million shares to 68.07 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 75.15 million shares. A decline of -10.4% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.91 of the overall float, the days-to-cover ratio (short ratio) decline to 2.91.
Which companies own the most shares of Comcast Corporation (CMCSA)?
According to The Vanguard Group, Inc. filings, the company currently owns 384,028,342 shares, which is about 8.72% of the total CMCSA shares outstanding. The investor’s shares have appreciated by 2,511,979 from its previous 13-F filing of 381516363.0 shares. With the completion of the buy transaction, Capital Research & Management Co’s stake is now worth $7,501,379,927. BlackRock Fund Advisors acquire a 0.05% interest valued at $7.05 billion while SSgA Funds Management, Inc. sold a -5,871,324 stake. A total of -19,955,808 shares of Comcast Corporation were sold by Capital Research & Management Co during the quarter, and -1,132,436 were sold by Massachusetts Financial Services. In its current portfolio, Dodge & Cox holds 85,157,816 shares valued at $3.08 billion.