Large Outflow of Money Witnessed in Comcast Corporation

Comcast Corporation (CMCSA) : The value of composite uptick trades was $28.57 million, whereas, the value of composite downtick trades was $34.49 million. The uptick to downtick ratio stood at 0.83 with a negative money flow of ($5.92) Million during Mondays trading session. The block trades money flow was negative ($7.06 million).The uptick to the downtick ratio of 0.39 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $4.57 million. The transaction of the trades on downticks amounted to $11.63 million, which confirms investors selling on the strength of price. Comcast Corporation (CMCSA) gained 1 cents at $66.89, an increase of 0.01% over the previous days close.


Comcast Corporation is up 7.46% in the last 3-month period. Year-to-Date the stock performance stands at 20.05%. Comcast Corporation has dropped 0.82% in the last five trading days, however, the shares have posted positive gains of 6.41% in the last 4 weeks. In a related news,The director of Comcast Corp, Bacon Kenneth J sold 2,500 shares at $62.82 on June 16, 2016. The Insider selling transaction had a total value worth of $157,050. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Comcast Corporation (NASDAQ:CMCSA): On Mondays trading session , Opening price of the stock was $66.77 with an intraday high of $67.18. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $66.69. However, the stock managed to close at $66.86, a loss of 0.03% for the day. On the previous day, the stock had closed at $66.88. The total traded volume of the day was 5,068,843 shares.

Comcast Corporation is a media and technology company. The Company has two primary businesses, Comcast Cable and NBCUniversal. The Companys business line comprises five segments: Cable Communications; Cable Networks; Broadcast Television; Filmed Entertainment, and Theme Parks. Cable Communications consists of the operations of Comcast Cable, a provider of video, high-speed Internet and voice services under the XFINITY brand. Cable Networks consists primarily of its national cable networks, regional sports and news networks, international cable networks, and its cable television production operations. Broadcast Television consists primarily of the NBC and Telemundo broadcast networks. Filmed Entertainment consists primarily of the studio operations of Universal Pictures. Theme Parks consists primarily of its Universal theme parks. The Companys other business interests consist of Comcast-Spectacor and the Wells Fargo Center arena.

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