Comcast (CMCSA) rose 2.4% on speculation that the company may be the target of an activist investor.
Some interesting trades are going on, particularly in the swaps market and also in the OTC options, CNBC’s David Faber said on Tuesday.
“Those are some big numbers,” Faber said. “You don’t do that unless you are an activist, usually. Usually if you are amassing a position. you do it via swap and you convert when you need to.”
Faber cautioned that Comcast (CMCSA) is tough for an activist because of the 33% vote that the Roberts family has.