Comcast Shares Tumble On Weak Forecasts

Discussion in 'Finance Related News' started by Rob Phill, Sep 8, 2017.

  1. Rob Phill

    Rob Phill Member

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    Shares of $CMCSA tumble the most in six years after the management said it will lose some 150,000 video subscribers during its third quarter this year. Just like Comcast, Walt Disney too struggles under intense competition. And the recent hurricane is another contributing factor to this disappointing forecast. Do you think the company can navigate through these challenges or it will continue to be a prolonged trend? can the company reverse this decline? http://alph.st/p25acbd8
     
  2. longtermbull

    longtermbull Administrator Staff Member

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    If the fall continues it might move to a short term over sold position?

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    However, @ $38.21 this share is only 10% off its recent highs.
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    Shares still under pressure. The only real short term support was at $37 and this seems to have been breached.

    Price $36.93 @ 15 Sep 2017
     

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