Yahoo Finance After a 7.9% dip, insiders are undoubtedly glad they sold Comcast Corporation (NASDAQ:CMCSA)
Insiders seem to have made the most of their holdings by selling US$397k worth of Comcast Corporation (NASDAQ:CMCSA) stock at an average sell price of US$44.50 during the past year. The company’s market cap plunged by US$11b after price dropped by 7.9% last week but insiders were able to limit their loss to an extent.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for Comcast
Comcast Insider Transactions Over The Last Year
The Executive VP, Daniel Murdock, made the biggest insider sale in the last 12 months. That single transaction was for US$397k worth of shares at a price of US$44.50 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$29.33). So it is hard to draw any strong conclusion from it. The only individual insider seller over the last year was Daniel Murdock.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Insider Ownership Of Comcast
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Comcast insiders own about US$1.1b worth of shares (which is 0.9% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About Comcast Insiders?
It doesn't really mean much that no insider has traded Comcast shares in the last quarter. It's heartening that insiders own plenty of stock, but we'd like to see more insider buying, since the last year of Comcast insider transactions don't fill us with confidence. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 1 warning sign for Comcast and we suggest you have a look.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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