Comerica, Inc.’s recently made public 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 $0.41 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 $0.47 million.
Truist downgraded its Comerica, Inc. [CMA] rating to a Hold from a a Buy in a research note published on July 22, 2024; the price target was decreased to $53 from $55. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in early July from “a Mkt perform” to “an Outperform”. Citigroup also remained covering CMA and has decreased its forecast on May 06, 2024 with a “Neutral” recommendation from previously “Buy” rating. Deutsche Bank started covering the stock on April 10, 2024. It rated CMA as “a Hold”.
Price Performance Review of CMA
On Friday, Comerica, Inc. [NYSE:CMA] saw its stock jump 2.57% to $56.22. Over the last five days, the stock has gained 7.41%. Comerica, Inc. shares have risen nearly 0.73% since the year began. Nevertheless, the stocks have risen 19.36% over the past one year. While a 52-week high of $58.50 was reached on 07/17/24, a 52-week low of $37.40 was recorded on 06/11/24. SMA at 50 days reached $51.45, while 200 days put it at $51.06.
Levels Of Support And Resistance For CMA Stock
The 24-hour chart illustrates a support level at 55.19, which if violated will result in even more drops to 54.16. On the upside, there is a resistance level at 56.77. A further resistance level may holdings at 57.31. The Relative Strength Index (RSI) on the 14-day chart is 64.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.92, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.75%. Stochastics%K at 89.51% indicates the stock is a selling.
How much short interest is there in Comerica, Inc.?
A steep rise in short interest was recorded in Comerica, Inc. stocks on 2024-07-31, growing by 0.41 million shares to a total of 4.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 3.58 million shares. There was a rise of 10.38%, which implies that there is a positive sentiment for the stock.
