Comcast Corporation (NASDAQ:CMCSA) has tumbled 0.68% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.99% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.51% and the outperformance has advanced to 0.07% for the last 4 weeks period.
Comcast Corporation (NASDAQ:CMCSA): The stock opened at $63.17 on Friday but the bulls could not build on the opening and the stock topped out at $63.17 for the day. The stock traded down to $62.14 during the day, due to lack of any buying support eventually closed down at $62.37 with a loss of -1.16% for the day. The stock had closed at $63.10 on the previous day. The total traded volume was 11,962,871 shares.
The company shares have rallied 3.07% from its 1 Year high price. On Jul 22, 2015, the shares registered one year high at $64.99 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $62.15 and the 200 Day Moving Average price is recorded at $59.37.
On the companys insider trading activities,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.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Goldman Sachs maintains the rating on Comcast Corporation (NASDAQ:CMCSA). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $69 per share to $70 per share. The rating by the firm was issued on May 4, 2016. Currently 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 -16.75% . Institutional Investors own 83.93% of Comcast Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -16.26%.
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.