Keeping an Eye on Comcast Corp (CMCSA) After Insider Trading Activity

Comcast Corp’s recently made public that its President Cavanagh Michael J unloaded Company’s shares for reported $5.29 million on Jan 29. In the deal valued at $46.10 per share,114,749 shares were sold. As a result of this transaction, Cavanagh Michael J now holds 0 shares worth roughly $0.0.

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Then, Armstrong Jason sold 41,663 shares, generating $1,776,016 in total proceeds. Upon selling the shares at $42.63, the CFO now owns 14,458 shares.

Before that, ROBERTS BRIAN L sold 616,143 shares. Comcast Corp shares valued at $25,827,421 were divested by the Chairman of Board & CEO at a price of $41.92 per share. As a result of the transaction, ROBERTS BRIAN L now holds 16,909,517 shares, worth roughly $711.38 million.

Pivotal Research Group reiterated its Comcast Corp [CMCSA] rating to a Buy in a research note published on December 13, 2023; the price target was $58.

Price Performance Review of CMCSA

On Friday, Comcast Corp [NASDAQ:CMCSA] saw its stock jump 1.99% to $42.07. Over the last five days, the stock has lost -6.70%. Comcast Corp shares have fallen nearly -4.06% since the year began. Nevertheless, the stocks have risen 8.54% over the past one year. While a 52-week high of $47.46 was reached on 02/01/24, a 52-week low of $34.63 was recorded on 02/08/24. SMA at 50 days reached $43.65, while 200 days put it at $43.03. A total of 27.37 million shares were traded, compared to the trading of 44.88 million shares in the previous session.

Levels Of Support And Resistance For CMCSA Stock

The 24-hour chart illustrates a support level at 41.44, which if violated will result in even more drops to 40.81. On the upside, there is a resistance level at 42.49. A further resistance level may holdings at 42.91. The Relative Strength Index (RSI) on the 14-day chart is 38.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.25%. Stochastics %K at 12.58% indicates the stock is a buying.

How much short interest is there in Comcast Corp?

A steep rise in short interest was recorded in Comcast Corp stocks on Jan 31, 2024, dropping by -1.28 million shares to a total of 40.86 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 42.14 million shares. There was a decline of -3.13%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.04% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.33.

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