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CMA (Comerica, Inc) may reap gains as insiders became active recently

Comerica, Inc’s recently made public that its Executive Vice President Fleming Allysun C unloaded Company’s shares for reported $95804.0 on Nov 07 ’24. In the deal valued at $68.83 per share,1,392 shares were sold. As a result of this transaction, Fleming Allysun C now holds 8,730 shares worth roughly $0.6 million.

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Then, Fleming Allysun C bought 1,392 shares, generating $95,804 in total proceeds.

Before that, WEBER JAMES HARRY sold 6,500 shares. Comerica, Inc shares valued at $410,993 were divested by the Executive Vice President at a price of $63.23 per share. As a result of the transaction, WEBER JAMES HARRY now holds 15,773 shares, worth roughly $1.08 million.

Wells Fargo upgraded its Comerica, Inc [CMA] rating to an Equal weight from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early October from “a Neutral” to “an Underperform”. Wedbush also remained covering CMA and has increased its forecast on September 24, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Keefe Bruyette revised its rating on September 05, 2024. It rated CMA as “an Outperform” which previously was an “a Mkt perform”.

Price Performance Review of CMA

On Monday, Comerica, Inc [NYSE:CMA] saw its stock fall -0.91% to $68.29. Over the last five days, the stock has lost -3.52%. Comerica, Inc shares have risen nearly 22.36% since the year began. Nevertheless, the stocks have risen 54.01% over the past one year. While a 52-week high of $71.63 was reached on 11/13/24, a 52-week low of $42.55 was recorded on 06/11/24. SMA at 50 days reached $62.15, while 200 days put it at $54.52.

Levels Of Support And Resistance For CMA Stock

The 24-hour chart illustrates a support level at 67.70, which if violated will result in even more drops to 67.11. On the upside, there is a resistance level at 69.25. A further resistance level may holdings at 70.20. The Relative Strength Index (RSI) on the 14-day chart is 59.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.76, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.79%. Stochastics %K at 73.67% 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 2024-10-31, growing by 0.2 million shares to a total of 5.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.92 million shares. There was a rise of 3.84%, which implies that there is a positive sentiment for the stock.

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