Comcast Corp (CMCSA) Files Form 4 Insider Selling : Stephen B Burke Sells 75,000 Shares

Comcast Corp (CMCSA): Stephen B Burke , Sr. EVP of Comcast Corp sold 75,000 shares on May 12, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $62.05 per share for a total value of $4,653,465.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 11, 2016, Brian L Roberts (Chairman of Board, Pres. & CEO) sold 200,000 shares at $62.65 per share price.On May 3, 2016, Judith Rodin (director) sold 635 shares at $60.75 per share price.Also, On Apr 22, 2016, Arthur R Block (EVP, GC and Secretary) sold 1,002 shares at $61.25 per share price.On Mar 15, 2016, J Michael Cook (director) sold 12,066 shares at $59.00 per share price.

Comcast Corporation: On Tuesday, May 10, 2016 heightened volatility was witnessed in Comcast Corporation which led to swings in the share price. The shares opened for trading at $61.43 and hit $62.725 on the upside , eventually ending the session at $62.64, with a gain of 1.99% or 1.22 points. The heightened volatility saw the trading volume jump to 1,07,98,074 shares. The 52-week high of the share price is $64.99 and the company has a market cap of $152,040 M . The 52-week low of the share price is at $50.01.

Comcast Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Comcast Corporation is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 70 from a previous price target of $67 .The Rating was issued on Apr 28, 2016.Comcast Corporation is Reiterated by Barclays to Overweight while Lowering the Price Target of the company shares to $ 65 from a previous price target of $68 . The Rating was issued on Feb 29, 2016.

Comcast Corporation is a media and technology company. The Company has two primary businesses Comcast Cable and NBCUniversal. The Company’s 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 Company’s other business interests consist of Comcast-Spectacor and the Wells Fargo Center arena.

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