Comcast (NYSE:CCZ) Stock Breaks Above 50-Day Moving Average – Time to Sell?

Comcast Holdings Corp. (NYSE:CCZ)’s stock price crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $62.78 and traded as high as $63.41. Comcast shares last traded at $63.0010, with a volume of 862 shares changing hands.

Comcast Trading Up 1.1%

The firm has a 50-day moving average of $62.78 and a 200 day moving average of $63.72.

Comcast Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st were given a $0.4622 dividend. This is a drop from Comcast’s previous quarterly dividend of $0.4622. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.85 dividend on an annualized basis and a yield of 2.9%.

About Comcast

Comcast Corporation is a global media and technology company based in Philadelphia, Pennsylvania. Its businesses include broadband, wireless and video services, as well as entertainment, news and sports operations delivered through cable networks, broadcast television, film studios, theme parks and digital platforms. Through Xfinity, Comcast provides residential and business customers with broadband internet, video, voice and wireless services, primarily in the United States. The company also operates NBCUniversal, which includes the NBC and Telemundo broadcast networks, a portfolio of cable networks, Peacock streaming, Universal Pictures and Universal Destinations & Experiences theme parks.