Comcast Corporation (CMCSA) : Investors lapped up stocks on upticks to the tune of $28.91 million in the Tuesdays trading session. The trading value on downticks was comparatively at $26.43 million and the uptick to downtick ratio of 1.09 indicates continuous buying by the bulls. The net money flow into the stock was $2.48 million. The block trades were dominated by the bulls with a healthy 1.33, uptick to downtick ratio. Only $4.69 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $6.22 clearly indicating buying by large investors. The total money flow for block trades stood at $1.53 million, which is a positive for the stock in the long-term. Comcast Corporation (CMCSA) fell $0.33 during the day at $65.33, a drop of -0.5% over the previous days close. However, for the week, the stock is -0.27%, compared to the previous week.
Also, Equity analysts at the Brokerage firm Argus Research maintains its rating on Comcast Corporation (NASDAQ:CMCSA). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Argus Research raises the price target from $72 per share to $81 per share. The rating by the firm was issued on August 8, 2016.
Comcast Corporation has lost 0.17% in the last five trading days and dropped 2.95% in the last 4 weeks. Comcast Corporation is up 3.29% in the last 3-month period. Year-to-Date the stock performance stands at 17.7%.
Comcast Corporation (NASDAQ:CMCSA): The stock opened at $65.67 on Tuesday but the bulls could not build on the opening and the stock topped out at $65.67 for the day. The stock traded down to $65.11 during the day, due to lack of any buying support eventually closed down at $65.55 with a loss of -0.17% for the day. The stock had closed at $65.66 on the previous day. The total traded volume was 6,390,579 shares.
In a related news, The director officer (Chairman of Board, Pres. & CEO), of Comcast Corp, Roberts Brian L had unloaded 304,109 shares at $67.26 per share in a transaction on July 29, 2016. The total value of transaction was $20,454,371. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.