Comcast Corp’s filing revealed 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 $233.2 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 $16.4 million.
Scotiabank downgraded its Comcast Corp [CMCSA] rating to a Sector perform from a a Sector outperform in a research note published recently. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who increased its forecast for the stock in late January from “an Underperform” to “a Neutral”. BofA Securities also remained covering CMCSA and has decreased its forecast on January 31, 2025 with a “Neutral” recommendation from previously “Buy” rating. Morgan Stanley revised its rating on December 16, 2024. It rated CMCSA as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of CMCSA
On Friday, Comcast Corp [NASDAQ:CMCSA] saw its stock fall -0.47% to $36.24. Over the last five days, the stock has gained 2.43%. Comcast Corp shares have fallen nearly -3.44% since the year began. Nevertheless, the stocks have fallen -13.01% over the past one year. While a 52-week high of $45.31 was reached on 01/27/25, a 52-week low of $32.50 was recorded on 01/30/25. SMA at 50 days reached $36.84, while 200 days put it at $39.39.
Levels Of Support And Resistance For CMCSA Stock
The 24-hour chart illustrates a support level at 36.07, which if violated will result in even more drops to 35.90. On the upside, there is a resistance level at 36.53. A further resistance level may holdings at 36.82. The Relative Strength Index (RSI) on the 14-day chart is 52.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.32%. Stochastics %K at 91.04% indicates the stock is a selling.
