Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Comcast Corp shares valued at $10,061,170 were sold by ROBERTS BRIAN L on Nov 27 ’24. At $42.80 per share, ROBERTS BRIAN L sold 235,051 shares. The insider’s holdings dropped to 6,434,877 shares worth approximately $247.1 million following the completion of this transaction.
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Also, ROBERTS BRIAN L sold 234,464 shares, netting a total of over 10,002,633 in proceeds. Following the sale of shares at $42.66 each, the insider now holds 6,669,928 shares.
Before that, Cavanagh Michael J had sold 107,622 shares from its account. In a trade valued at $4,577,045, the President traded Comcast Corp shares for $42.53 each. Upon closing the transaction, the insider’s holdings decreased to 107,622 shares, worth approximately $17.38 million.
As published in a research note from Morgan Stanley on December 16, 2024, Comcast Corp [CMCSA] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $45 from $48. Analysts at Seaport Research Partners upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid December. As of July 24, 2024, Pivotal Research Group has reiterated its “Buy” rating for CMCSA. Earlier on June 25, 2024, Goldman initiated its rating. Their recommendation was “a Buy” for CMCSA stock.
Analyzing CMCSA Stock Performance
During the last five days, there has been a drop of approximately -1.03%. Over the course of the year, Comcast Corp shares have dropped approximately -12.43%. Shares of the company reached a 52-week high of $47.11 on 02/01/24 and a 52-week low of $36.43 on 04/26/24. A 50-day SMA is recorded $41.86, while a 200-day SMA reached $40.28. Nevertheless, trading volume fell to 7.49 million shares from 16.39 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 37.93, which, if violated, would cause prices to drop to 37.47. In the upper region, resistance lies at 38.64. The next price resistance is at 38.89. RSI (Relative Strength Index) is 36.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.22, which suggests the price will decrease in the coming days. Percent R is at 80.99%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
