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

Comerica Incorporated (CMA): The stock had negative money flow to the tune of ($0.91 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $3.82 million, whereas, the outflow of money on downticks was $4.72 million and the ratio between the two was 0.81. The block trade had a negative net money flow of ($0.72 million). The total block trade value undertaken on upticks was $0.68 million. On the other hand, downticks amounted to $1.4 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.48. Comerica Incorporated (CMA) closed with marginal gains of 14 cents to end the day at $47.3, an increase of 0.3% over the previous days close. The stock recorded 0.96% for the week.


Also, Morgan Stanley maintains their rating on the shares of Comerica Incorporated (NYSE:CMA). The current rating of the shares is Equal-weight. Equity Analysts at the Firm raises the price target to $48 per share from $46 per share. The rating by the firm was issued on August 1, 2016.

Shares of Comerica Incorporated rose by 3.49% in the last five trading days and 6.32% for the last 4 weeks. Comerica Incorporated is up 0.59% in the last 3-month period. Year-to-Date the stock performance stands at 14.66%.

Comerica Incorporated (NYSE:CMA): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.37 and $47.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.45, notching a gain of 0.61% for the day. The total traded volume was 1,337,470 . The stock had closed at $47.16 on the previous day.

In a related news,The officer (Executive Vice President) of Comerica Inc /New/, Sefzik Peter L sold 2,500 shares at $35.43 on March 2, 2016. The Insider selling transaction had a total value worth of $88,575. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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