Shares of Comcast Corporation (CMCSA) Sees Large Outflow of Money

Comcast Corporation (CMCSA) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($36.94 million) and the uptick to downtick ratio was 0.73. The transaction value on upticks was $98.22 million and on downticks, the transaction value was $135.16 million. In block trades, the transaction value of inflow done during uptick was $16.01 million. The transaction value of block trades during downticks was $42.22 million. The uptick to downtick block trade ratio was 0.38. The money flow was negative ($26.21 million), indicating the traders were booking profit on the price strength. Comcast Corporation (CMCSA) rose $1.16 at $66.26, during intraday Thursday , a rise of 1.78% over the previous days close.


Comcast Corporation (CMCSA) : The highest short term price target forecast on Comcast Corporation (CMCSA) is $84 and the lowest target price is $61. A total of 24 equity analysts are currently covering the company. The average price of all the analysts is $70.88 with a standard deviation of $4.49. The stock has recorded a 20-day Moving Average of 5.21% and the 50-Day Moving Average is 6.54%.

Comcast Corporation (NASDAQ:CMCSA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $64.80 and $64.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $66.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $66.26, notching a gain of 1.78% for the day. The total traded volume was 15,390,104 . The stock had closed at $65.10 on the previous day.

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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