Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Comerica, Inc. shares valued at $410,993 were sold by WEBER JAMES HARRY on Oct 24 ’24. At $63.23 per share, WEBER JAMES HARRY sold 6,500 shares. The insider’s holdings dropped to 15,773 shares worth approximately $1.02 million following the completion of this transaction.
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Also, WEBER JAMES HARRY purchased 6,500 shares, netting a total of over 410,993 in proceeds.
Before that, Mitchell Bruce had sold 7,564 shares from its account. In a trade valued at $470,467, the Executive Vice President traded Comerica, Inc. shares for $62.20 each. Upon closing the transaction, the insider’s holdings decreased to 7,564 shares, worth approximately $1.06 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 surge of approximately 3.95%. Over the course of the year, Comerica, Inc. shares have jumped approximately 15.52%. 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 $59.11, while a 200-day SMA reached $53.61. Nevertheless, trading volume fell to 2.3 million shares from 2.22 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 63.03, which, if violated, would cause prices to drop to 61.60. In the upper region, resistance lies at 65.46. The next price resistance is at 66.45. RSI (Relative Strength Index) is 64.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.77, which suggests the price will decrease in the coming days. Percent R is at 23.87%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
