In a filing, Comerica, Inc revealed its Officer McKinney Cassandra M. acquired Company’s shares for reported $0.11 million on Jan 31 ’25. In the deal valued at $66.16 per share,1,630 shares were bought.
Then, Bailey Corey R sold 1,857 shares, generating $132,516 in total proceeds. Upon selling the shares at $71.36, the Executive Vice President now owns 25,817 shares.
Before that, Bailey Corey R bought 1,857 shares. Comerica, Inc shares valued at $132,516 were divested by the Officer at a price of $71.36 per share.
Goldman downgraded its Comerica, Inc [CMA] rating to a Neutral from a a Buy in a research note published recently. Wells Fargo also remained covering CMA and has increased its forecast on November 15, 2024 with a “an Equal weight” recommendation from previously “an Underweight” rating. BofA Securities revised its rating on October 07, 2024. It rated CMA as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of CMA
On Friday, Comerica, Inc [NYSE:CMA] saw its stock fall -0.06% to $67.32. Over the last five days, the stock has gained 6.40%. Comerica, Inc shares have risen nearly 8.84% since the year began. Nevertheless, the stocks have risen 21.10% over the past one year. While a 52-week high of $73.45 was reached on 01/30/25, a 52-week low of $45.32 was recorded on 01/10/25. SMA at 50 days reached $65.59, while 200 days put it at $58.00.
Levels Of Support And Resistance For CMA Stock
The 24-hour chart illustrates a support level at 66.32, which if violated will result in even more drops to 65.32. On the upside, there is a resistance level at 68.04. A further resistance level may holdings at 68.76. The Relative Strength Index (RSI) on the 14-day chart is 61.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.70%. Stochastics %K at 82.80% indicates the stock is a selling.
How much short interest is there in Comerica, Inc?
A steep rise in short interest was recorded in Comerica, Inc stocks on 2024-12-31, dropping by -0.45 million shares to a total of 4.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 5.04 million shares. There was a decline of -9.69%, which implies that there is a negative sentiment for the stock.
