Comcast (CMCSA) stock keeps falling while its sector rises.
The company earns most of its money from home internet and cable TV, a shrinking business, and splitting itself in two has not fixed that
That is why a dramatic breakup failed to lift the shares, which trade around $23.73, near a 52-week low. The problem sits inside the company, not the market. The Sector Is Rising, but Not for Cable The gains did not spread evenly.
The communication services sector, where Comcast sits, rose about 1.4% over the past six months. However, that gain came from its biggest members, the AI-linked giants Alphabet and Meta, not from the telecom and cable names. The connectivity names were left behind.