Sumary of Why Comcast Stock Just Crashed 5%:
- What happened Don’t look now, but shares of cable TV and internet-giant Comcast Corporation (NASDAQ:CMCSA) just shorted out, crashing 5.4% through 11:15 a.
- So what Speaking at an investor conference this morning, Cavanagh revealed that Comcast is looking to “trend in line for third quarter net adds with historical averages for third quarter, but .
- com added that Comcast’s customer additions slowed “a little bit” when Covid outbreaks “interrupted traditional patterns of customers moving and returning to school” in August.
- Investment bank KeyBanc says Cavanagh’s comments are a “modest negative” for Comcast.