Comcast Corporation (CMCSA) has risen sharply, recording gains of 7.23% in the past 4 weeks. However, the stock has corrected -0.34% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.74% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 3.96% and the 50-Day Moving Average is 6.28%.
Comcast Corporation (NASDAQ:CMCSA): The stock opened at $67.56 on Friday but the bulls could not build on the opening and the stock topped out at $67.63 for the day. The stock traded down to $66.68 during the day, due to lack of any buying support eventually closed down at $66.88 with a loss of -0.21% for the day. The stock had closed at $67.02 on the previous day. The total traded volume was 7,287,767 shares.
The company Insiders own 1.27% of Comcast Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -16.93% . Institutional Investors own 83.66% of Comcast Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -16.42%. 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 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.