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 $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 $218.4 million following the completion of this transaction.
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 $15.36 million.
As published in a research note from Scotiabank on February 03, 2025, Comcast Corp [CMCSA] has been rated down from a Sector outperform to a Sector perform and the price target has been revised to $44.50. Analysts at Exane BNP Paribas upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in late January. As of January 31, 2025, BofA Securities has decreased its “Buy” rating to a “Neutral” for CMCSA. Earlier on December 16, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for CMCSA stock which previously was a “an Overweight”.
Analyzing CMCSA Stock Performance
During the last five days, there has been a drop of approximately -9.15%. Over the course of the year, Comcast Corp shares have dropped approximately -9.57%. Shares of the company reached a 52-week high of $38.40 on 01/27/25 and a 52-week low of $32.50 on 01/30/25. A 50-day SMA is recorded $38.51, while a 200-day SMA reached $39.59. Nevertheless, trading volume fell to 33.34 million shares from 40.51 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 33.52, which, if violated, would cause prices to drop to 33.09. In the upper region, resistance lies at 34.16. The next price resistance is at 34.37. RSI (Relative Strength Index) is 32.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.35, which suggests the price will decrease in the coming days. Percent R is at 75.59%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
