Comerica Incorporated (CMA) has been under a strong bear grip, hence the stock is down -0.01% 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 0.6% in the past 1 week. The stock has risen by 0.77% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.55% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.73% and the 50-Day Moving Average is 3.08%.The 200 Day SMA reached 15.27%
Comerica Incorporated (NYSE:CMA): After opening at $46.95, the stock dipped to an intraday low of $46.59 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $47.63 and the buying power remained strong till the end. The stock closed at $47.32 for the day, a gain of 1.48% for the day session. The total traded volume was 1,990,996. The stocks close on the previous trading day was $47.32.
Comerica Incorporated (CMA) : The highest short term price target forecast on Comerica Incorporated (CMA) is $53 and the lowest target price is $42. A total of 16 equity analysts are currently covering the company. The average price of all the analysts is $47 with a standard deviation of $3.1.
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.