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

Comcast Corporation (CMCSA) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $62.06 million worth of transactions were on upticks, whereas, the downticks accounted for $58.8 million worth of transactions. The net money flow was a positive $3.26 million and the uptick to downtick ratio was 1.06. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 1.8 in their favor. The net money flow into the stock was $6.65 million. The value of block trades done on downticks was only $8.34 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $14.99 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Comcast Corporation (CMCSA) was trading at $67.16, down $0.26 during day. The stock slid -0.38% over the previous days close. For the week, the stock recorded 0.07% over the previous weeks close.


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 83.63% of Comcast Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -16.42%. 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.

Shares of Comcast Corporation rose by 3.29% in the last five trading days and 7.38% for the last 4 weeks. Comcast Corporation is up 9.26% in the last 3-month period. Year-to-Date the stock performance stands at 20.57%.

Comcast Corporation (NASDAQ:CMCSA): On Tuesdays trading session , Opening price of the stock was $67.69 with an intraday high of $67.95. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $67.01. However, the stock managed to close at $67.15, a loss of 0.39% for the day. On the previous day, the stock had closed at $67.41. The total traded volume of the day was 9,719,299 shares.

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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