Last month, Comcast Corp. (Nasdaq:CMCSA) Chief Executive Brian Roberts sold some of his shares for the first time since 2004. Now, it's president Stephen Burke's turn. Comcast reported to the SEC yesterday that Burke had sold about 236,000 shares on Monday worth about $6.4 million. He got $27.16 for 208,000 shares and $27 for 27,972 shares. These sales by top executives ought to raise eyebrows among investors, who already have bid down Comcast's share price by about 5 percent this year. Just two months ago, Roberts told Bloomberg News that the "business is on fire." The shares rose on his comments but then fell because the company's quarterly profits weren't as great as some on Wall Street had hoped, according to Reuters.
