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Analysts review Comerica, Inc’s rating

In a filing, Comerica, Inc revealed its Officer Fleming Allysun C acquired Company’s shares for reported $95804.0 on Nov 07 ’24. In the deal valued at $68.83 per share,1,392 shares were bought.

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Then, WEBER JAMES HARRY sold 6,500 shares, generating $410,993 in total proceeds. Upon selling the shares at $63.23, the Executive Vice President now owns 15,773 shares.

Before that, WEBER JAMES HARRY bought 6,500 shares. Comerica, Inc shares valued at $410,993 were divested by the Officer at a price of $63.23 per share.

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 Monday, Comerica, Inc [NYSE:CMA] saw its stock jump 2.43% to $70.78. Over the last five days, the stock has gained 13.45%. Comerica, Inc shares have risen nearly 26.82% since the year began. Nevertheless, the stocks have risen 71.96% over the past one year. While a 52-week high of $70.38 was reached on 11/11/24, a 52-week low of $40.41 was recorded on 06/11/24. SMA at 50 days reached $60.72, while 200 days put it at $54.11.

Levels Of Support And Resistance For CMA Stock

The 24-hour chart illustrates a support level at 69.95, which if violated will result in even more drops to 69.11. On the upside, there is a resistance level at 71.44. A further resistance level may holdings at 72.10. The Relative Strength Index (RSI) on the 14-day chart is 70.43, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.87%. Stochastics %K at 85.82% indicates the stock is a selling.

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.

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