Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Comerica, Inc. shares valued at $40,164 were purchased by Ortiz Mauricio A on Oct 22 ’24. At $61.79 per share, Ortiz Mauricio A acquired 650 shares.
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Also, Mitchell Bruce purchased 7,564 shares, netting a total of over 470,468 in proceeds.
Before that, Moore Christine M had sold 2,545 shares from its account. In a trade valued at $146,371, the EVP and General Auditor traded Comerica, Inc. shares for $57.51 each. Upon closing the transaction, the insider’s holdings decreased to 2,545 shares, worth approximately $1.73 million.
As published in a research note from BofA Securities on October 07, 2024, Comerica, Inc. [CMA] has been rated down from a Neutral to an Underperform and the price target has been revised to $52 from $55. Analysts at Wedbush upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in late September. As of September 05, 2024, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for CMA. Earlier on July 22, 2024, Truist downgraded its rating. Their new recommendation was “a Hold” for CMA stock which previously was a “a Buy”.
Analyzing CMA Stock Performance
During the last five days, there has been a drop of approximately -0.48%. Over the course of the year, Comerica, Inc. shares have jumped approximately 11.13%. Shares of the company reached a 52-week high of $66.06 on 10/18/24 and a 52-week low of $45.32 on 06/11/24. A 50-day SMA is recorded $58.38, while a 200-day SMA reached $53.41. Nevertheless, trading volume fell to 2.57 million shares from 2.68 million shares the previous day.
Support And Resistance Levels for Comerica, Inc. (CMA)
According to the 24-hour chart, there is a support level at 61.16, which, if violated, would cause prices to drop to 60.30. In the upper region, resistance lies at 62.94. The next price resistance is at 63.86. RSI (Relative Strength Index) is 58.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.09, which suggests the price will increase in the coming days. Percent R is at 47.59%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
