Comerica, Inc.’s filing revealed that its EVP and General Auditor Moore Christine M unloaded Company’s shares for reported $0.15 million on Aug 23 ’24. In the deal valued at $57.51 per share,2,545 shares were sold. As a result of this transaction, Moore Christine M now holds 27,910 shares worth roughly $1.71 million.
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Then, Moore Christine M bought 2,545 shares, generating $146,371 in total proceeds.
Before that, McKinney Cassandra M. sold 7,271 shares. Comerica, Inc. shares valued at $382,382 were divested by the EVP at a price of $52.59 per share. As a result of the transaction, McKinney Cassandra M. now holds 7,236 shares, worth roughly $0.44 million.
BofA Securities downgraded its Comerica, Inc. [CMA] rating to an Underperform from a a Neutral in a research note published on October 07, 2024; the price target was decreased to $52 from $55. A number of analysts have revised their coverage, including Wedbush’s analysts, who increased its forecast for the stock in late September from “a Neutral” to “an Outperform”. Keefe Bruyette also remained covering CMA and has increased its forecast on September 05, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Truist revised its rating on July 22, 2024. It rated CMA as “a Hold” which previously was an “a Buy”.
Price Performance Review of CMA
On Friday, Comerica, Inc. [NYSE:CMA] saw its stock jump 3.23% to $61.28. Over the last five days, the stock has gained 4.11%. Comerica, Inc. shares have risen nearly 9.80% since the year began. Nevertheless, the stocks have risen 45.56% over the past one year. While a 52-week high of $61.84 was reached on 09/23/24, a 52-week low of $37.40 was recorded on 06/11/24. SMA at 50 days reached $56.79, while 200 days put it at $53.15.
Levels Of Support And Resistance For CMA Stock
The 24-hour chart illustrates a support level at 59.92, which if violated will result in even more drops to 58.57. On the upside, there is a resistance level at 62.11. A further resistance level may holdings at 62.95. The Relative Strength Index (RSI) on the 14-day chart is 63.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.13%. Stochastics %K at 61.47% indicates the stock is a holding.
How much short interest is there in Comerica, Inc.?
A steep rise in short interest was recorded in Comerica, Inc. stocks on 2024-09-30, dropping by -0.15 million shares to a total of 4.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.07 million shares. There was a decline of -3.0%, which implies that there is a negative sentiment for the stock.
