Comerica Incorporated (NYSE:CMA) has tumbled 4.39% during the past week and has dropped 6.57% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.25%. Comerica Incorporated (NYSE:CMA) has underperformed the index by 7.43% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Comerica Incorporated (NYSE:CMA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.10 and $41.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.52. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.21, notching a gain of 0.67% for the day. The total traded volume was 1,877,879 . The stock had closed at $41.93 on the previous day.
The company shares have dropped -18.76% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $53.45 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $44.32 and the 200 Day Moving Average price is recorded at $39.87.
On the companys insider trading activities, 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.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Goldman Sachs upgrades its rating on Comerica Incorporated (NYSE:CMA). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Sell by the brokerage firm. The Analysts at Goldman Sachs raises the price target from $42 per share to $49 per share. The rating by the firm was issued on May 19, 2016. Currently the company Insiders own 1.6% of Comerica Incorporated shares according to the proxy statements. Institutional Investors own 88.68% of Comerica Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -23.49%.
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.