Comcast Corp’s recent filing unveils that 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 $216.6 million.
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 $15.24 million.
Exane BNP Paribas upgraded its Comcast Corp [CMCSA] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Neutral”. Morgan Stanley also remained covering CMCSA and has decreased its forecast on December 16, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Seaport Research Partners revised its rating on December 12, 2024. It rated CMCSA as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CMCSA
On Friday, Comcast Corp [NASDAQ:CMCSA] saw its stock jump 1.23% to $33.66. Over the last five days, the stock has lost -10.53%. Comcast Corp shares have fallen nearly -10.31% since the year began. Nevertheless, the stocks have fallen -27.85% over the past one year. While a 52-week high of $47.11 was reached on 01/27/25, a 52-week low of $32.50 was recorded on 01/30/25. SMA at 50 days reached $39.07, while 200 days put it at $39.68.
Levels Of Support And Resistance For CMCSA Stock
The 24-hour chart illustrates a support level at 33.30, which if violated will result in even more drops to 32.95. On the upside, there is a resistance level at 34.01. A further resistance level may holdings at 34.37. The Relative Strength Index (RSI) on the 14-day chart is 27.31, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.34%. Stochastics %K at 28.72% indicates the stock is a holding.
How much short interest is there in Comcast Corp?
A steep rise in short interest was recorded in Comcast Corp stocks on 2025-01-15, growing by 6.71 million shares to a total of 56.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 49.99 million shares. There was a rise of 11.84%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 24, 2024 when Pivotal Research Group resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $47.
