Comcast Shares Slide Despite Planned NBCUniversal Spinoff

Comcast (CMCSA) shares have continued to fall even as the communication services sector rises, with the stock trading around $23.73 near a 52-week low. According to BeInCrypto, Comcast’s planned tax-free spinoff of NBCUniversal and Sky into two independent publicly traded companies failed to sustain a rally after the announcement. The stock jumped about 19% to nearly $27 on June 29 but reversed to $23.73 by July 1, down 3.34% on the session. BeInCrypto cited broadband customer losses to fixed wireless rivals Verizon and T-Mobile, and noted NBCUniversal’s Peacock lost $432 million last quarter.