Comerica, Inc.’s filing revealed that its EVP McKinney Cassandra M. unloaded Company’s shares for reported $0.38 million on Apr 24 ’24. In the deal valued at $52.59 per share,7,271 shares were sold. As a result of this transaction, McKinney Cassandra M. now holds 7,236 shares worth roughly $0.34 million.
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Then, Bridges Wendy sold 3,034 shares, generating $160,012 in total proceeds. Upon selling the shares at $52.74, the EVP now owns 17,460 shares.
Before that, McKinney Cassandra M. sold 1,616 shares. Comerica, Inc. shares valued at $88,293 were divested by the EVP at a price of $54.64 per share. As a result of the transaction, McKinney Cassandra M. now holds 8,314 shares, worth roughly $0.39 million.
Citigroup downgraded its Comerica, Inc. [CMA] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in early April with a ‘”a Hold”‘ rating. DA Davidson also remained covering CMA and has decreased its forecast on February 27, 2024 with a “Neutral” recommendation from previously “Buy” rating. Argus revised its rating on January 29, 2024. It rated CMA as “a Hold” which previously was an “a Buy”.
Price Performance Review of CMA
On Monday, Comerica, Inc. [NYSE:CMA] saw its stock jump 0.56% to $47.08. Over the last five days, the stock has lost -0.36%. Comerica, Inc. shares have fallen nearly -15.64% since the year began. Nevertheless, the stocks have risen 9.79% over the past one year. While a 52-week high of $57.39 was reached on 01/05/24, a 52-week low of $37.40 was recorded on 06/11/24. SMA at 50 days reached $51.31, while 200 days put it at $48.93. A total of 1.59 million shares were traded, compared to the trading of 1.55 million shares in the previous session.
Levels Of Support And Resistance For CMA Stock
The 24-hour chart illustrates a support level at 46.26, which if violated will result in even more drops to 45.44. On the upside, there is a resistance level at 47.50. A further resistance level may holdings at 47.92. The Relative Strength Index (RSI) on the 14-day chart is 37.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.97%. Stochastics %K at 32.49% indicates the stock is a holding.
