Comerica, Inc.’s filing revealed that its Executive Vice President WEBER JAMES HARRY unloaded Company’s shares for reported $0.41 million on Oct 24 ’24. In the deal valued at $63.23 per share,6,500 shares were sold. As a result of this transaction, WEBER JAMES HARRY now holds 15,773 shares worth roughly $0.97 million.
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Then, WEBER JAMES HARRY bought 6,500 shares, generating $410,993 in total proceeds.
Before that, Mitchell Bruce sold 7,564 shares. Comerica, Inc. shares valued at $470,467 were divested by the Executive Vice President at a price of $62.20 per share. As a result of the transaction, Mitchell Bruce now holds 16,428 shares, worth roughly $1.01 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 fall -1.86% to $61.77. Over the last five days, the stock has lost -4.88%. Comerica, Inc. shares have risen nearly 10.68% since the year began. Nevertheless, the stocks have risen 61.32% over the past one year. While a 52-week high of $66.06 was reached on 10/18/24, a 52-week low of $37.48 was recorded on 06/11/24. SMA at 50 days reached $58.68, while 200 days put it at $53.47.
Levels Of Support And Resistance For CMA Stock
The 24-hour chart illustrates a support level at 61.09, which if violated will result in even more drops to 60.41. On the upside, there is a resistance level at 63.05. A further resistance level may holdings at 64.33. The Relative Strength Index (RSI) on the 14-day chart is 55.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.53%. Stochastics %K at 55.05% 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 2024-10-15, growing by 51317.0 shares to a total of 4.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.47 million shares. There was a rise of 1.14%, which implies that there is a positive sentiment for the stock.
