Comerica, Inc’s recently made public that its Executive Vice President Bailey Corey R unloaded Company’s shares for reported $0.13 million on Dec 02 ’24. In the deal valued at $71.36 per share,1,857 shares were sold. As a result of this transaction, Bailey Corey R now holds 25,817 shares worth roughly $1.66 million.
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Then, Bailey Corey R bought 1,857 shares, generating $132,516 in total proceeds.
Before that, Fleming Allysun C sold 1,392 shares. Comerica, Inc shares valued at $95,804 were divested by the Executive Vice President at a price of $68.83 per share. As a result of the transaction, Fleming Allysun C now holds 8,730 shares, worth roughly $0.56 million.
A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid November from “an Underweight” to “an Equal weight”. BofA Securities also remained covering CMA and has decreased its forecast on October 07, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. Wedbush revised its rating on September 24, 2024. It rated CMA as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of CMA
On Tuesday, Comerica, Inc [NYSE:CMA] saw its stock fall -3.10% to $64.41. Over the last five days, the stock has lost -4.80%. Comerica, Inc shares have risen nearly 15.41% since the year began. Nevertheless, the stocks have risen 16.28% over the past one year. While a 52-week high of $73.45 was reached on 11/25/24, a 52-week low of $45.32 was recorded on 06/11/24. SMA at 50 days reached $66.27, while 200 days put it at $56.42.
Levels Of Support And Resistance For CMA Stock
The 24-hour chart illustrates a support level at 63.56, which if violated will result in even more drops to 62.70. On the upside, there is a resistance level at 65.58. A further resistance level may holdings at 66.75. The Relative Strength Index (RSI) on the 14-day chart is 33.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.39%. Stochastics %K at 9.37% indicates the stock is a buying.
How much short interest is there in Comerica, Inc?
A steep rise in short interest was recorded in Comerica, Inc stocks on 2024-11-29, dropping by 80275.0 shares to a total of 5.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.12 million shares. There was a decline of -1.59%, which implies that there is a negative sentiment for the stock.
