The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $640.36 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 -4.42%. Over the course of the year, Comcast Corp shares have dropped approximately -13.64%. Shares of the company reached a 52-week high of $47.11 on 02/01/24 and a 52-week low of $37.19 on 04/25/24. A 50-day SMA is recorded $41.62, while a 200-day SMA reached $43.30. Nevertheless, trading volume fell to 37.49 million shares from 19.58 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 36.96, which, if violated, would cause prices to drop to 36.05. In the upper region, resistance lies at 39.01. The next price resistance is at 40.15. RSI (Relative Strength Index) is 28.72 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.27, which suggests the price will decrease in the coming days. Percent R is at 82.70%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
