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 $107,833 were purchased by McKinney Cassandra M. on Jan 31 ’25. At $66.16 per share, McKinney Cassandra M. acquired 1,630 shares.
Also, Bailey Corey R sold 1,857 shares, netting a total of over 132,516 in proceeds. Following the sale of shares at $71.36 each, the insider now holds 25,817 shares.
Before that, Bailey Corey R had added 1,857 shares to its account. In a trade valued at $132,516, the Officer bought Comerica, Inc shares for $71.36 each.
As published in a research note from Goldman on January 07, 2025, Comerica, Inc [CMA] has been rated down from a Buy to a Neutral and the price target has been revised to $71. As of November 15, 2024, Wells Fargo has increased its “an Underweight” rating to a “an Equal weight” for CMA. Earlier on October 07, 2024, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for CMA stock which previously was a “a Neutral”.
Analyzing CMA Stock Performance
During the last five days, there has been a surge of approximately 4.73%. Over the course of the year, Comerica, Inc shares have jumped approximately 10.56%. Shares of the company reached a 52-week high of $68.94 on 02/04/25 and a 52-week low of $59.74 on 01/10/25. A 50-day SMA is recorded $65.55, while a 200-day SMA reached $58.26. Nevertheless, trading volume fell to 3.04 million shares from 2.92 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 67.60, which, if violated, would cause prices to drop to 66.83. In the upper region, resistance lies at 68.95. The next price resistance is at 69.53. RSI (Relative Strength Index) is 62.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.06, which suggests the price will increase in the coming days. Percent R is at 7.70%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
