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

Comcast Corporation (NASDAQ:CMCSA) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($9.9 million) and the uptick to downtick ratio was 0.84. The transaction value on upticks was $51.46 million and on downticks, the transaction value was $61.36 million. In block trades, the transaction value of inflow done during uptick was $5.42 million. The transaction value of block trades during downticks was $13.69 million. The uptick to downtick block trade ratio was 0.4. The money flow was negative ($8.28 million), indicating the traders were booking profit on the price strength. Comcast Corporation (NASDAQ:CMCSA) rose $0.71 at $63.78, during intraday Wednesday , a rise of 1.13% over the previous days close.


In an insider trading activity, The Securities and Exchange Commission has divulged that Bacon Kenneth J, director of Comcast Corp, had unloaded 2,500 shares at an average price of $62.82 in a transaction dated on June 16, 2016. The total value of the transaction was worth $157,050. 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 -16.93% . Institutional Investors own 83.64% of Comcast Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -16.42%.

The company shares have rallied 1.32% 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 $62.46 and the 200 Day Moving Average price is recorded at $59.49. Comcast Corporation (NASDAQ:CMCSA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $63.66 and $63.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.94, notching a gain of 1.38% for the day. The total traded volume was 10,313,393 . The stock had closed at $63.07 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.