Stock price movements
On June 19, 2017, Comcast (CMCSA) stock closed at $41.80. The company had a market cap of $197.5 billion on the day, much better than Verizon Communications’ (VZ) $189.9 billion. We’ve covered why Comcast may have surged past Verizon in terms of market cap in an earlier series.
In the past year, Comcast’s stock price has risen 25%, and it’s risen 7.8% in the past month. Time Warner (TWX), The Walt Disney Company (DIS), and 21st Century Fox (FOXA) have seen their stock prices rise 52.4%, 0.7%, and 4.6%, respectively, in the past year.
Comcast is currently trading 7.2% above its 100-day moving average of $39.00. The company is trading 4.5% and ~2% above its 50-day and 20-day moving averages of $40.00 and $41.00, respectively.
In this series…
In this series, we’ll be looking at why investors continue to believe in Comcast’s growth story. We’ll examine the various factors that are contributing to Comcast’s growth and how the company views the industry’s competitive dynamics.