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 $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 $1.61 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 $0.54 million.
Analysts at Wells Fargo upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid November. As of October 07, 2024, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for CMA. Earlier on September 24, 2024, Wedbush upgraded its rating. Their new recommendation was “an Outperform” for CMA stock which previously was a “a Neutral”.
Analyzing CMA Stock Performance
During the last five days, there has been a drop of approximately -3.09%. Over the course of the year, Comerica, Inc shares have jumped approximately 11.84%. 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 $66.42, while a 200-day SMA reached $56.66. Nevertheless, trading volume fell to 0.73 million shares from 1.64 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 61.89, which, if violated, would cause prices to drop to 61.36. In the upper region, resistance lies at 62.72. The next price resistance is at 63.02. RSI (Relative Strength Index) is 36.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.32, which suggests the price will decrease in the coming days. Percent R is at 73.31%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
