Shares of Comerica Incorporated (CMA) Sees Large Outflow of Money

Comerica Incorporated (CMA) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (3.75 million) in Comerica Incorporated (CMA). On Wednesday, The value of composite uptick trades was $10.11 million, whereas, the value of composite downtick trades was $13.86 million and the ratio between the two was 0.73, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $2.83 million. $1.05 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.37. The negative money flow of ($1.78 million) shows selling on strength. Comerica Incorporated (CMA) gained $0.63 intraday at $45.42 and registrered 1.41% for the week.


Also, Brokerage firm Wells Fargo upgrades its rating on Comerica Incorporated (NYSE:CMA). The shares have been rated Market Perform. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on July 8, 2016.

Comerica Incorporated (NYSE:CMA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.36 and $44.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.23, notching a gain of 0.98% for the day. The total traded volume was 2,430,407 . The stock had closed at $44.79 on the previous day.

The stock has recorded a 20-day Moving Average of 8.85% and the 50-Day Moving Average is 4.68%. In a related news, The Securities and Exchange Commission has divulged that Sefzik Peter L, officer (Executive Vice President) of Comerica Inc /New/, had unloaded 2,500 shares at an average price of $35.43 in a transaction dated on March 2, 2016. The total value of the transaction was worth $88,575.

Comerica Incorporated is a financial services company. The Companys principal activity is lending to and accepting deposits from businesses and individuals. It operates in three business segments: the Business Bank, the Retail Bank and Wealth Management. In addition, it also operates in the Finance segment. The Business Bank segment offers commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services and loan syndication services. The Retail Bank segment offers deposit accounts, installment loans, credit cards, student loans, home equity lines of credit and residential mortgage loans. The Wealth Management segment offers fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. The Finance segment includes its securities portfolio, and asset and liability management activities.

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