Comcast Corporation (NASDAQ:CMCSA) stock continued its upward momentum Tuesday following a major corporate restructuring plan to spin off NBCUniversal and Sky.

The company said it expects the split to be completed within a year, with Comcast’s shareholders owning shares in both companies.

Comcast said Monday it plans to separate its media and technology businesses into two publicly traded companies.

Comcast is set to divide into two separate, publicly traded entities, spinning off its NBCUniversal and Sky media assets. This strategic move will create distinct companies: one…