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

Comcast Corporation (NASDAQ:CMCSA) witnessed a selling pressure and the shares last traded with a loss of -0.41 points or -0.65% at $62.39. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $7.44 million with an inflow of $58.92 million in upticks and an outflow of $51.48 million in downticks. Using the data, the up/down ratio is found to be 1.14. The share price has recorded -1.84% on a weekly basis.A block trade of $13.3 million in uptick and $6.01 million in downtick was also observed, resulting in an up/down ratio of 2.21. The net money flow of the block trade stood at a $7.29, signaling heavy buying.


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%. On the companys insider trading activities,The director of Comcast Corp, Rodin Judith sold 245 shares at $62.83 on June 9, 2016. The Insider selling transaction had a total value worth of $15,393. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Comcast Corporation (NASDAQ:CMCSA) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.41 points or 0.65% at $62.39 with 7,676,511 shares getting traded. Post opening the session at $62.73, the shares hit an intraday low of $62.2198 and an intraday high of $63.12 and the price was in this range throughout the day. The company has a market cap of $151,433 million and the number of outstanding shares have been calculated to be 2,427,195,600 shares. The 52-week high of Comcast Corporation (NASDAQ:CMCSA) is $64.99 and the 52-week low is $50.01.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Goldman Sachs, maintains their rating on the shares of Comcast Corporation (NASDAQ:CMCSA). Goldman Sachs has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $70 per share from a prior target of $69. The rating by the firm was issued on May 4, 2016.

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.