In a filing, Comcast Corp revealed its Chairman of Board & CEO ROBERTS BRIAN L unloaded Company’s shares for reported $10.06 million on Nov 27 ’24. In the deal valued at $42.80 per share,235,051 shares were sold. As a result of this transaction, ROBERTS BRIAN L now holds 6,434,877 shares worth roughly $249.67 million.
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Then, ROBERTS BRIAN L sold 234,464 shares, generating $10,002,633 in total proceeds. Upon selling the shares at $42.66, the Chairman of Board & CEO now owns 6,669,928 shares.
Before that, Cavanagh Michael J sold 107,622 shares. Comcast Corp shares valued at $4,577,045 were divested by the President at a price of $42.53 per share. As a result of the transaction, Cavanagh Michael J now holds 452,650 shares, worth roughly $17.56 million.
Morgan Stanley downgraded its Comcast Corp [CMCSA] rating to an Equal-weight from a an Overweight in a research note published on December 16, 2024; the price target was decreased to $45 from $48. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “a Buy”. Pivotal Research Group also remained covering CMCSA and reiterated its “Buy” recommendation on July 24, 2024. Goldman started covering the stock on June 25, 2024. It rated CMCSA as “a Buy”.
Price Performance Review of CMCSA
On Tuesday, Comcast Corp [NASDAQ:CMCSA] saw its stock fall -0.15% to $38.80. Over the last five days, the stock has lost -1.85%. Comcast Corp shares have fallen nearly -11.52% since the year began. Nevertheless, the stocks have fallen -12.77% 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 $42.20, while 200 days put it at $40.39.
Levels Of Support And Resistance For CMCSA Stock
The 24-hour chart illustrates a support level at 38.53, which if violated will result in even more drops to 38.27. On the upside, there is a resistance level at 39.09. A further resistance level may holdings at 39.39. The Relative Strength Index (RSI) on the 14-day chart is 32.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.51%. Stochastics %K at 12.49% 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 2024-11-29, dropping by -6.1 million shares to a total of 55.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 61.28 million shares. There was a decline of -11.05%, which implies that there is a negative sentiment for the stock.
