Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Comerica, Inc shares valued at $95,804 were purchased by Fleming Allysun C on Nov 07 ’24. At $68.83 per share, Fleming Allysun C acquired 1,392 shares.
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Also, WEBER JAMES HARRY sold 6,500 shares, netting a total of over 410,993 in proceeds. Following the sale of shares at $63.23 each, the insider now holds 15,773 shares.
Before that, WEBER JAMES HARRY had added 6,500 shares to its account. In a trade valued at $410,993, the Officer bought Comerica, Inc shares for $63.23 each.
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 7.06%. Over the course of the year, Comerica, Inc shares have jumped approximately 22.22%. Shares of the company reached a 52-week high of $70.38 on 11/06/24 and a 52-week low of $45.32 on 06/11/24. A 50-day SMA is recorded $60.19, while a 200-day SMA reached $53.96. Nevertheless, trading volume fell to 1.63 million shares from 4.54 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 67.45, which, if violated, would cause prices to drop to 66.70. In the upper region, resistance lies at 69.48. The next price resistance is at 70.76. RSI (Relative Strength Index) is 65.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.57, which suggests the price will increase in the coming days. Percent R is at 23.69%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
