Comerica Incorporated (CMA) has been under a strong bear grip, hence the stock is down -0.9% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.66% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.2% in the last 1 week, and is up 3.44% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 5.79% and the 50-Day Moving Average is 1.32%.
Comerica Incorporated (NYSE:CMA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.01 and $43.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.66, notching a gain of 0.14% for the day. The total traded volume was 1,368,866 . The stock had closed at $43.60 on the previous day.
The company Insiders own 1.6% of Comerica Incorporated shares according to the proxy statements. Institutional Investors own 88.69% of Comerica Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -23.49%. 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.