Comcast Corp (CMCSA) Up 0.1%; is Inching Close to 100 Day Average

Comcast Corp 4 Hour Price Update

Updated July 01, 2020 04:38 PM GMT (12:38 PM EST)

In the past four hours of today’s trading session, CMCSA’s price is up $0.86 (2.19%). To help put that in perspective, note that Comcast Corp’s peers in the in the Communication industry are down -1.86% on average during this time, while its counterparts in the broader Consumer Cyclical sector are down by an average of 0%.

Comcast Corp Daily Price Recap

Comcast Corp is up 0.1% ($0.04) since yesterday, marking the 4th day in a row an upward move has occurred. The change in price came along side change in volume that was up 8.73% from previous day, but down 37.7% from the Tuesday of last week. The daily price chart of Comcast Corp below illustrates.

Comcast Corp Technical Analysis

Coming into today Comcast Corp is now close to its 50 and 100 day moving averages, which may act as price barrier for the asset. Volatility for Comcast Corp has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Comcast Corp’s price has gone up 6 of the previous 10 trading days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about CMCSA:

    $CMCSA NBCUniversal-owned Peacock streaming service has inked a sprawling licensing deal with $VIAC that includes multiple features & TV series.

    Heading to Peacock are ViacomCBS series including Showtime's Ray Donovan & The Affair, the original Charmed, and former UPN/WB Network favorites Everybody Hates Chris & The Game, CBS' Undercover Boss & BET's Real Husbands of Hollywood.

    The Peacock deal is non-exclusive, meaning each of the shows included in the deal will continue to stream on ViacomCBS' own streaming platform, CBS All Access. (Charmed will join Peacock starting in October.)

    On the feature side, Paramount movies include The Godfather trilogy, Catch Me If You Can, The Talented Mr. Ripley, American Beauty, Patriot Games, Last Holiday, Fatal Attraction, The Firm & An Officer and a Gentleman, among others.

    Unlike TV, the features included will stream on a limited exclusive window throughout 2021, 2022 and 2023, w/ additional movies set to be announced later.

    Ro_Patel