Why Comcast Stock Dropped Today
Shares of cable TV and internet provider Comcast (CMCSA -2.89%) stock slipped 2.3%, falling exactly $1 in share price through 12:30 p.m. ET Thursday.The stock appears to be reacting to breaking news that the Federal Communications Commission (FCC) just voted to create a rule requiring cable providers to state an "all-in" price on their service offerings, both on bills and when advertising to new customers, as The Fly reports. What the FCC didThe FCC's rule has been in the works for about a year. In a press ...