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Comcast Stock Sinks After Big Sky Bidding-War Win

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Shares of Comcast stock are currently down about 7.5 percent, one hour into Monday’s trading day. The decline is Wall Street’s reaction to the…
Shares of Comcast stock are currently down about 7.5 percent, one hour into Monday’s trading day. The decline is Wall Street’s reaction to the NBCUniversal parent company winning the bidding war against Fox/Disney for U. K. media giant Sky.
Below is a look at Comcast’s tough Monday morning — from a valuation standpoint, at least. We chose a five-day snapshot to best emphasize the sudden decline.
Read the full article on The Wrap

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