The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Comerica, Inc shares valued at $95,804 were sold by Fleming Allysun C on Nov 07 ’24. At $68.83 per share, Fleming Allysun C sold 1,392 shares. The insider’s holdings dropped to 8,730 shares worth approximately $0.61 million following the completion of this transaction.
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Also, Fleming Allysun C purchased 1,392 shares, netting a total of over 95,804 in proceeds.
Before that, WEBER JAMES HARRY had sold 6,500 shares from its account. In a trade valued at $410,993, the Executive Vice President traded Comerica, Inc shares for $63.23 each. Upon closing the transaction, the insider’s holdings decreased to 6,500 shares, worth approximately $1.11 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 2.74%. Over the course of the year, Comerica, Inc shares have jumped approximately 25.57%. Shares of the company reached a 52-week high of $71.63 on 11/13/24 and a 52-week low of $45.32 on 06/11/24. A 50-day SMA is recorded $61.61, while a 200-day SMA reached $54.34. Nevertheless, trading volume fell to 1.19 million shares from 1.04 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 69.65, which, if violated, would cause prices to drop to 69.21. In the upper region, resistance lies at 70.92. The next price resistance is at 71.76. RSI (Relative Strength Index) is 67.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.61, which suggests the price will increase in the coming days. Percent R is at 15.96%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
