Comcast Corporation’s recently made public that its 10% Owner COMCAST CORP unloaded Company’s shares for reported $75419.0 on Feb 21. In the deal valued at $2.03 per share,37,176 shares were sold. As a result of this transaction, COMCAST CORP now holds 19,507,693 shares worth roughly $ 705.98 million.
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Then, COMCAST CORP sold 487,146 shares, generating $999,331 in total proceeds. Upon selling the shares at $2.05, the 10% Owner now owns 19,544,869 shares.
Before that, COMCAST CORP sold 1,685,689 shares. Comcast Corporation shares valued at $3,764,986 were divested by the 10% Owner at a price of $2.23 per share. As a result of the transaction, COMCAST CORP now holds 20,032,015 shares, worth roughly $724.96 million.
Truist upgraded its Comcast Corporation [CMCSA] rating to a Buy from a a Hold in a research note published on Tuesday. PT values the company’s stock at a premium of 27.62 to its Tuesday closing price. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in early December from “an Underweight” to “an Equal weight”. Citigroup also remained covering CMCSA and has increased its forecast on October 13, 2022 with a “Buy” recommendation from previously “Neutral” rating. Atlantic Equities revised its rating on August 15, 2022. It rated CMCSA as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of CMCSA
On Tuesday, Comcast Corporation [NASDAQ:CMCSA] saw its stock fall -2.40% to $36.19. On the same session, the stock had its day’s lowest price of $35.935, but rose to a high of $37.21. Over the last five days, the stock has lost -2.64%. Comcast Corporation shares have risen nearly 3.49% since the year began. Nevertheless, the stocks have fallen -23.34% over the past one year. While a 52-week high of $48.42 was reached on 02/02/23, a 52-week low of $28.39 was recorded on 01/03/23. SMA at 50 days reached $38.04, while 200 days put it at $36.84. A total of 19.98 million shares were traded, compared to the trading of 12.42 million shares in the previous session.
Levels Of Support And Resistance For CMCSA Stock
The 24-hour chart illustrates a support level at 35.68, which if violated will result in even more drops to 35.17. On the upside, there is a resistance level at 36.95. A further resistance level may holdings at 37.72. The Relative Strength Index (RSI) on the 14-day chart is 36.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.71%. Stochastics %K at 16.98% indicates the stock is a buying.
How much short interest is there in Comcast Corporation?
A steep rise in short interest was recorded in Comcast Corporation stocks on Jan 30, 2023, dropping by -11.99 million shares to a total of 53.64 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 65.63 million shares. There was a decline of -22.35%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.28% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.54.
Comcast Corporation [CMCSA] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 383,658,992 shares, or roughly 8.89% of the outstanding CMCSA shares. In other words, the investor’s shares have fallen by -2,956,657 from its previous 13-F filing of 386615649.0. Additionally, BlackRock Fund Advisors increased 5.83% of its stake after which the total value it holdings stand at $8,110,351,413, while Capital Research & Management Co reduced -1.14% of its stake to hold $7.99 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -3,473,723 shares of Comcast Corporation, while Capital Research & Management Co sold 5,789,615 shares. At present, Massachusetts Financial Services is holding 102,905,676 shares valued at $4.05 billion. Geode Capital Management LLC owned 80,449,965 shares of the company at the time of its most recent 13F filing, worth $3.17 billion.
According to FactSet, Comcast Corporation’s share price will average $42.74 in the next year, based on opinions of analysts polled by the firm. This is up nearly 18.66 percent from its previous closing price of $37.08. Analysts expect Comcast Corporation stock to reach the higher price of $51.00, while the lowest price estimate is $33.00. However, 33 analysts have rated CMCSA stock as an Overweight in their predictions for 2023.