Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Comcast Corp shares valued at $5,290,193 were sold by Cavanagh Michael J on Jan 29 ’24. At $46.10 per share, Cavanagh Michael J sold 114,749 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Armstrong Jason sold 41,663 shares, netting a total of over 1,776,016 in proceeds. Following the sale of shares at $42.63 each, the insider now holds 14,458 shares.
Before that, ROBERTS BRIAN L had sold 616,143 shares from its account. In a trade valued at $25,827,421, the Chairman of Board & CEO traded Comcast Corp shares for $41.92 each. Upon closing the transaction, the insider’s holdings decreased to 616,143 shares, worth approximately $678.75 million.
As published in a research note from Exane BNP Paribas on April 09, 2024, Comcast Corp [CMCSA] has been rated down from an Outperform to a Neutral and the price target has been revised to $45. Analysts at Redburn Atlantic downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of December 13, 2023, Pivotal Research Group has reiterated its “Buy” rating for CMCSA. Earlier on October 27, 2023, Scotiabank downgraded its rating. Their new recommendation was “a Sector perform” for CMCSA stock which previously was a “a Sector outperform”.
Analyzing CMCSA Stock Performance
During the last five days, there has been a drop of approximately -2.36%. Over the course of the year, Comcast Corp shares have dropped approximately -8.46%. Shares of the company reached a 52-week high of $47.11 on 02/01/24 and a 52-week low of $39.38 on 04/10/24. A 50-day SMA is recorded $42.47, while a 200-day SMA reached $43.40. Nevertheless, trading volume fell to 21.73 million shares from 22.37 million shares the previous day.
Support And Resistance Levels for Comcast Corp (CMCSA)
According to the 24-hour chart, there is a support level at 39.77, which, if violated, would cause prices to drop to 39.39. In the upper region, resistance lies at 40.39. The next price resistance is at 40.63. RSI (Relative Strength Index) is 32.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.61, which suggests the price will decrease in the coming days. Percent R is at 81.95%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Comcast Corp subject to short interest?
Stocks of Comcast Corp saw a sharp steep in short interest on Mar 28, 2024 dropping by -1.3 million shares to 46.79 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 48.09 million shares. A decline of -2.78% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.22 of the overall float, the days-to-cover ratio (short ratio) decline to 2.22.
