Comerica Incorporated (NYSE:CMA) has been under a strong bear grip, hence the stock is down -7.5% 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 0.68% in the past 1 week. The stock has risen by 1.97% in the past week indicating that the buyers are active at lower levels, but the stock is down -6% in the past 4 weeks.
The company shares have dropped -16.72% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $50.76 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $43.39 and the 200 Day Moving Average price is recorded at $39.58.
The stock has recorded a 20-day Moving Average of 0.11% and the 50-Day Moving Average is 4.1%.
Comerica Incorporated (NYSE:CMA): stock turned positive on Friday. Though the stock opened at $41.4, the bulls momentum made the stock top out at $41.98 level for the day. The stock recorded a low of $41.04 and closed the trading day at $41.5, in the green by 2.47%. The total traded volume for the day was 1,864,381. The stock had closed at $40.5 in the previous days trading.
In an insider trading activity, The officer (Executive Vice President), of Comerica Inc /New/, Sefzik Peter L had unloaded 2,500 shares at $35.43 per share in a transaction on March 2, 2016. The total value of transaction was $88,575. The Insider information was revealed by 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.