Large Outflow of Money Witnessed in Comcast Corporation

Comcast Corporation (CMCSA) jumped 0.19 points or 0.25% on strong buying and was last priced at $75.61 per share. The shares saw huge fund flow intraday; a massive $90.91 million made their way in through the upticks but an even bigger $96.38 million made their way out through downticks. As per the last observation, the net money flow stood at $(-5.47) million and the up/down ratio was found to be 0.94. The shares have seen a weekly value change of -0.45% .A block trade was recorded in the company shares with a net money flow of $(0.08) million. The composite value of the funds in upticks was $18.34 million and the total value of funds in downticks was $18.26. As can be seen from the data, the block transaction had the up/down ratio of 1.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Comcast Corporation rose by 2.95% in the last five trading days and 9.5% for the last 4 weeks. Comcast Corporation is up 22.79% in the last 3-month period. Year-to-Date the stock performance stands at 9.5%. Comcast Corporation (NASDAQ:CMCSA) rose 0.25% or 0.19 points on Wednesday and made its way into the gainers of the day. After trading began at $75.29 the stock was seen hitting $76.19 as a peak level and $75.25 as the lowest level. The stock ended up at $75.61. The daily volume was measured at 9,002,111 shares. The 52-week high of the share price is $76.87 and the 52-week low is $54.38. The company has a market cap of $179,574 million.

Company has reported several Insider transactions to the SEC, on Jan 31, 2017, Neil Smit (Sr. EVP) sold 133,314 shares at 75.35 per share price.On Dec 28, 2016, Arthur R Block (EVP, GC and Secretary) sold 1,680 shares at 70.80 per share price.On Dec 14, 2016, Kenneth J Bacon (director) sold 2,500 shares at 70.05 per share price.

Comcast Corporation Last issued its quarterly earnings results on Jan 26, 2017. The company reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.87. The company had revenue of $21025.00 million for the quarter, compared to analysts expectations of $20671.44 million. The companys revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by RBC Capital Mkts on Jan 31, 2017 to Outperform, Raises Price Target to $ 80 from a previous price target of $72 .Comcast Corporation was Downgraded by Pacific Crest to Sector Weight on Jan 27, 2017. Company shares were Reiterated by Pivotal Research Group on Jan 26, 2017 to Buy, Raises Price Target to $ 95 from a previous price target of $90 .Company shares were Reiterated by Telsey Advisory Group on Jan 24, 2017 to Outperform, Raises Price Target to $ 84 from a previous price target of $76 .Comcast Corporation was Initiated by HSBC Securities to Buy on Jan 19, 2017.

Comcast Corp., among the worlds leading communication companies, provides basic cable, digital cable and high speed internet services that connect people to whats important in their lives. They are in the process of deploying digital video applications and high-speed Internet access service to expand the products available on their cable communications networks.


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