Comcast Corp’s filing revealed 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 $666.74 million.
Exane BNP Paribas downgraded its Comcast Corp [CMCSA] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Neutral”. Pivotal Research Group also remained covering CMCSA and reiterated its “Buy” recommendation on December 13, 2023. Scotiabank revised its rating on October 27, 2023. It rated CMCSA as “a Sector perform” which previously was an “a Sector outperform”.
Price Performance Review of CMCSA
On Monday, Comcast Corp [NASDAQ:CMCSA] saw its stock jump 0.15% to $39.43. Over the last five days, the stock has lost -3.14%. Comcast Corp shares have fallen nearly -10.08% since the year began. Nevertheless, the stocks have risen 3.63% 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 04/15/24. SMA at 50 days reached $42.18, while 200 days put it at $43.37. A total of 21.29 million shares were traded, compared to the trading of 23.42 million shares in the previous session.
Levels Of Support And Resistance For CMCSA Stock
The 24-hour chart illustrates a support level at 39.06, which if violated will result in even more drops to 38.68. On the upside, there is a resistance level at 39.86. A further resistance level may holdings at 40.29. The Relative Strength Index (RSI) on the 14-day chart is 29.19, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.86%. Stochastics %K at 9.47% indicates the stock is a buying.
The most recent change occurred on October 06, 2023 when Seaport Research Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $53 price target.
