Comcast (NASDAQ:CMCSA) NBCUniversal to Acquire MSNBC Stake of Microsoft (NASDAQ:MSFT) – CMCSA, CHTR, TWC, TWX
Comcast Corporation’s (NASDAQ:CMCSA) NBCUniversal unit is in discussion with Microsoft Corporation (NASDAQ:MSFT) regarding buying out the software manufacturer’s stake in the MSNBC.com news website.
NBC News in New York spokesperson Amy Lynn stated in an e-mail that without elaborating Conversations were taking place between the 2 corporations. The discussion was earlier announced by Adweek.
Microsoft and NBC started MSNBC in 1996, teaming equal to make a 24-hour news channel and companion website. NBC decided to purchase the news channel in 2005, departure the Internet portion as a joint venture.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Charter Communications, Inc (NASDAQ:CHTR) surged +0.09% to settle at $64.27, Time Warner Cable Inc (NYSE:TWC) moved down -0.62% to end at $76.42 while Time Warner Inc (NYSE:TWX) increased +0.35% to finish on Friday at $34.70.
Comcast Corporation (NASDAQ:CMCSA) began the last trading session with a price of $29.00 and throughout the session climbed at a high of $29.15 but when day-trade ended the stock finally plunged -0.28% to $28.85.
CMCSA had a trade volume of 9.33 million shares was lower as compared to average trading capacity of 13.19 million shares.
The stock is ahead its 52 week low with 52.70% and lagging behind from its 52 week high price with -6.57%. CMCSA last month stock price volatility remained 1.85%. In its share capital CMCSA has 2.70 billion outstanding shares among them 2.67 billion shares have been floated in market exchange. CMCSA stock institutional ownership remained 84.03% while insider ownership included 0.41%.
Shares price of CMCSA moved down from its 20 days moving average with -1.75% and remote negatively from 50 days moving average with -2.26%. CMCSA current year earnings per share experienced an addition with +16.17% while its current quarter performance remained -0.62%. Company’s beta coefficient included 1.05. Beta factors measures the amount of market risk associated with market trade.