Shares of Comcast Corporation (CMCSA) Sees Large Inflow of Net Money Flow

Comcast Corporation (CMCSA) : Investors lapped up stocks on upticks to the tune of $9.39 million in the Wednesdays trading session. The trading value on downticks was comparatively at $7.53 million and the uptick to downtick ratio of 1.25 indicates continuous buying by the bulls. The net money flow into the stock was $1.86 million. Upticks saw transactions worth $1.66 clearly indicating buying by large investors. The total money flow for block trades stood at $1.66 million, which is a positive for the stock in the long-term. Comcast Corporation (CMCSA) fell $0.09 during the day at $66.08, a drop of -0.14% over the previous days close. However, for the week, the stock is -1.59%, compared to the previous week.


Comcast Corporation has dropped 0.71% in the last five trading days, however, the shares have posted positive gains of 1.55% in the last 4 weeks. Comcast Corporation is up 4.73% in the last 3-month period. Year-to-Date the stock performance stands at 19.72%.

Comcast Corporation (CMCSA) : The consensus on Comcast Corporation (CMCSA) based on 23 analyst recommendation on the company stock is 1.33, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 18 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Comcast Corporation (NASDAQ:CMCSA): The stock opened at $66.17 and touched an intraday high of $66.71 on Wednesday. During the day, the stock corrected to an intraday low of $66, however, the bulls stepped in and pushed the price higher to close in the green at $66.68 with a gain of 0.77% for the day. The total traded volume for the day was 7,806,127. The stock had closed at $66.17 in the previous trading session.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *