Comerica, Inc’s recently made public that its Officer McKinney Cassandra M. acquired Company’s shares for reported $0.16 million on Mar 06 ’25. In the deal valued at $58.91 per share,2,783 shares were bought.
Then, McKinney Cassandra M. bought 1,630 shares, generating $107,833 in total proceeds.
Before that, Bailey Corey R sold 1,857 shares. Comerica, Inc shares valued at $132,516 were divested by the Executive Vice President at a price of $71.36 per share. As a result of the transaction, Bailey Corey R now holds 25,817 shares, worth roughly $1.5 million.
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 Monday, Comerica, Inc [NYSE:CMA] saw its stock jump 0.42% to $57.93. Over the last five days, the stock has gained 3.24%. Comerica, Inc shares have fallen nearly -6.34% since the year began. Nevertheless, the stocks have risen 12.07% over the past one year. While a 52-week high of $73.45 was reached on 02/04/25, a 52-week low of $45.32 was recorded on 03/11/25. SMA at 50 days reached $63.51, while 200 days put it at $59.65.
Levels Of Support And Resistance For CMA Stock
The 24-hour chart illustrates a support level at 57.09, which if violated will result in even more drops to 56.24. On the upside, there is a resistance level at 58.55. A further resistance level may holdings at 59.16. The Relative Strength Index (RSI) on the 14-day chart is 34.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.65%. Stochastics %K at 21.01% indicates the stock is a holding.
How much short interest is there in Comerica, Inc?
A steep rise in short interest was recorded in Comerica, Inc stocks on 2025-02-28, growing by 2.14 million shares to a total of 6.26 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 4.13 million shares. There was a rise of 34.1%, which implies that there is a positive sentiment for the stock.
