Comcast Corp’s filing revealed that its 10% Owner COMCAST CORP unloaded Company’s shares for reported $10.15 million on May 22 ’24. In the deal valued at $3.19 per share,3,176,923 shares were sold. As a result of this transaction, COMCAST CORP now holds 2,000,000 shares worth roughly $83.4 million.
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Then, Cavanagh Michael J sold 114,749 shares, generating $5,290,193 in total proceeds. Upon selling the shares at $46.10, the President now owns 0 shares.
Before that, Armstrong Jason sold 41,663 shares. Comcast Corp shares valued at $1,776,016 were divested by the CFO at a price of $42.63 per share. As a result of the transaction, Armstrong Jason now holds 14,458 shares, worth roughly $0.6 million.
Pivotal Research Group reiterated its Comcast Corp [CMCSA] rating to a Buy in a research note published on July 24, 2024; the price target was $47. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Seaport Research Partners also remained covering CMCSA and has decreased its forecast on June 24, 2024 with a “Neutral” recommendation from previously “Buy” rating. Exane BNP Paribas revised its rating on June 11, 2024. It rated CMCSA as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of CMCSA
On Tuesday, Comcast Corp [NASDAQ:CMCSA] saw its stock fall -0.17% to $41.70. Over the last five days, the stock has gained 0.85%. Comcast Corp shares have fallen nearly -4.90% since the year began. Nevertheless, the stocks have fallen -5.95% over the past one year. While a 52-week high of $47.11 was reached on 02/01/24, a 52-week low of $36.43 was recorded on 04/26/24. SMA at 50 days reached $39.78, while 200 days put it at $40.76.
Levels Of Support And Resistance For CMCSA Stock
The 24-hour chart illustrates a support level at 41.26, which if violated will result in even more drops to 40.81. On the upside, there is a resistance level at 42.06. A further resistance level may holdings at 42.41. The Relative Strength Index (RSI) on the 14-day chart is 63.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.61%. Stochastics %K at 90.12% indicates the stock is a selling.
How much short interest is there in Comcast Corp?
A steep rise in short interest was recorded in Comcast Corp stocks on 2024-09-13, dropping by -0.96 million shares to a total of 52.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 53.37 million shares. There was a decline of -1.83%, which implies that there is a negative sentiment for the stock.
