Comcast stock price following steady buyback activity

Following steady buyback activity, Comcast stock price strengthened above its 200-day moving average — a bullish technical signal often watched by long-term investors. Comcast is scheduled to report its next quarterly earnings on Oct. 30. Netflix in 2023 promoted Greg Peters, previously the company's chief operating officer, to co-CEO alongside Ted Sarandos after Reed Hastings announced he would step back. Sarandos has long been in charge of content, while Peters' focus had been centered on growing Netflix beyond DVDs and into streaming, expanding partnerships and increasing the international footprint — all of which have been key to the streaming giant's growth. Comcast stock price reflects investor optimism following improved free cash flow projections. Shares rose 0.8% yesterday, outperforming the S&P 500’s telecom subindex amid modest sector-wide gains.