Comerica, Inc.’s recent filing unveils that its EVP Bridges Wendy unloaded Company’s shares for reported $0.16 million on Feb 12 ’24. In the deal valued at $52.74 per share,3,034 shares were sold. As a result of this transaction, Bridges Wendy now holds 17,460 shares worth roughly $0.87 million.
Then, McKinney Cassandra M. sold 1,616 shares, generating $88,293 in total proceeds. Upon selling the shares at $54.64, the EVP now owns 8,314 shares.
Deutsche Bank initiated its Comerica, Inc. [CMA] rating to a Hold in a research note published on April 10, 2024; the price target was $59. A number of analysts have revised their coverage, including DA Davidson’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Neutral”. Argus also remained covering CMA and has decreased its forecast on January 29, 2024 with a “Hold” recommendation from previously “Buy” rating. Raymond James revised its rating on January 22, 2024. It rated CMA as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of CMA
On Tuesday, Comerica, Inc. [NYSE:CMA] saw its stock fall -1.61% to $50.03. Over the last five days, the stock has lost -8.13%. Comerica, Inc. shares have fallen nearly -10.36% since the year began. Nevertheless, the stocks have risen 15.54% over the past one year. While a 52-week high of $57.39 was reached on 01/05/24, a 52-week low of $28.40 was recorded on 03/01/24. SMA at 50 days reached $51.28, while 200 days put it at $48.46. A total of 1.44 million shares were traded, compared to the trading of 1.87 million shares in the previous session.
Levels Of Support And Resistance For CMA Stock
The 24-hour chart illustrates a support level at 49.54, which if violated will result in even more drops to 49.06. On the upside, there is a resistance level at 50.56. A further resistance level may holdings at 51.08. The Relative Strength Index (RSI) on the 14-day chart is 40.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.14%. Stochastics %K at 13.04% indicates the stock is a buying.
