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 $132,516 were sold by Bailey Corey R on Dec 02 ’24. At $71.36 per share, Bailey Corey R sold 1,857 shares. The insider’s holdings dropped to 25,817 shares worth approximately $1.83 million following the completion of this transaction.
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Also, Bailey Corey R purchased 1,857 shares, netting a total of over 132,516 in proceeds.
Before that, Fleming Allysun C had sold 1,392 shares from its account. In a trade valued at $95,804, the Executive Vice President traded Comerica, Inc shares for $68.83 each. Upon closing the transaction, the insider’s holdings decreased to 1,392 shares, worth approximately $0.62 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 -2.49%. Over the course of the year, Comerica, Inc shares have jumped approximately 26.91%. Shares of the company reached a 52-week high of $73.45 on 11/25/24 and a 52-week low of $45.32 on 06/11/24. A 50-day SMA is recorded $64.76, while a 200-day SMA reached $55.62. Nevertheless, trading volume fell to 1.9 million shares from 13080.0 shares the previous day.
Support And Resistance Levels for Comerica, Inc (CMA)
According to the 24-hour chart, there is a support level at 69.99, which, if violated, would cause prices to drop to 69.16. In the upper region, resistance lies at 71.28. The next price resistance is at 71.74. RSI (Relative Strength Index) is 60.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.49, which suggests the price will decrease in the coming days. Percent R is at 27.75%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
