Comcast Corp’s recent filing unveils that its President Cavanagh Michael J unloaded Company’s shares for reported $5.29 million on Jan 29 ’24. 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.
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 $688.39 million.
Redburn Atlantic downgraded its Comcast Corp [CMCSA] rating to a Neutral from a a Buy in a research note published on February 15, 2024; the price target was decreased to $44 from $50. A number of analysts have revised their coverage, including Pivotal Research Group’s analysts, who remained covering the stock and in mid December has reiterated a ‘”a Buy”‘ rating for it. Scotiabank also remained covering CMCSA and has decreased its forecast on October 27, 2023 with a “Sector perform” recommendation from previously “Sector outperform” rating. Seaport Research Partners started covering the stock on October 06, 2023. It rated CMCSA as “a Buy”.
Price Performance Review of CMCSA
On Monday, Comcast Corp [NASDAQ:CMCSA] saw its stock fall -0.46% to $40.71. Over the last five days, the stock has lost -3.71%. Comcast Corp shares have fallen nearly -7.16% since the year began. Nevertheless, the stocks have risen 7.36% over the past one year. While a 52-week high of $47.46 was reached on 02/01/24, a 52-week low of $36.38 was recorded on 04/08/24. SMA at 50 days reached $42.85, while 200 days put it at $43.40. A total of 28.11 million shares were traded, compared to the trading of 4.22 million shares in the previous session.
Levels Of Support And Resistance For CMCSA Stock
The 24-hour chart illustrates a support level at 40.52, which if violated will result in even more drops to 40.34. On the upside, there is a resistance level at 40.95. A further resistance level may holdings at 41.20. The Relative Strength Index (RSI) on the 14-day chart is 33.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.68%. Stochastics %K at 6.45% 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 Mar 15, 2024, dropping by -2.91 million shares to a total of 48.24 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 51.15 million shares. There was a decline of -6.03%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.23% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.31.
The most recent change occurred on October 06, 2023 when Bernstein began covering the stock and recommended ‘”a Mkt perform”‘ rating along with a $46 price target.
