Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $0.6 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 $1.09 million.
As published in a research note from Wells Fargo on November 15, 2024, Comerica, Inc [CMA] has been rated up from an Underweight to an Equal weight and the price target has been revised to $73. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early October. As of September 24, 2024, Wedbush has increased its “Neutral” rating to a “an Outperform” for CMA. Earlier on September 05, 2024, Keefe Bruyette upgraded its rating. Their new recommendation was “an Outperform” for CMA stock which previously was a “a Mkt perform”.
Analyzing CMA Stock Performance
During the last five days, there has been a drop of approximately -1.68%. Over the course of the year, Comerica, Inc shares have jumped approximately 23.45%. 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 $62.83, while a 200-day SMA reached $54.79. Nevertheless, trading volume fell to 3.09 million shares from 1.45 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 65.13, which, if violated, would cause prices to drop to 61.35. In the upper region, resistance lies at 71.56. The next price resistance is at 74.22. RSI (Relative Strength Index) is 61.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 28.44%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
