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Comerica, Inc. (CMA) Stock Could Soon Reward Patient Investors

Comerica, Inc. (NYSE: CMA) is -7.62% lower on its value in year-to-date trading and has touched a low of $28.40 and a high of $57.39 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CMA stock was last observed hovering at around $50.66 in the last trading session, with the day’s gains setting it 0.9%.

Currently trading at $51.56, the stock is -1.68% and 0.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.36 million and changing 1.78% at the moment leaves the stock 6.24% off its SMA200. CMA registered 9.49% gain for a year compared to 6-month gain of 22.67%.

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The stock witnessed a -0.39% loss in the last 1 month and extending the period to 3 months gives it a -1.98%, and is 0.62% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.48% over the week and 2.81% over the month.

Comerica, Inc. (CMA) has around 7863 employees, a market worth around $6.83B and $5.28B in sales. Current P/E ratio is 10.23 and Fwd P/E is 8.42. Profit margin for the company is 12.66%. Distance from 52-week low is 81.55% and -10.16% from its 52-week high. The company has generated returns on investments over the last 12 months (5.07%).

The EPS is expected to shrink by -21.58% this year.

Comerica, Inc. (CMA) Top Institutional Holders

The shares outstanding are 131.90M, and float is at 131.39M with Short Float at 3.51%.

Comerica, Inc. (CMA) Insider Activity

The most recent transaction is an insider sale by Bridges Wendy,the company’sEVP. SEC filings show that Bridges Wendy sold 3,034 shares of the company’s common stock on Feb 12 ’24 at a price of $52.74 per share for a total of $0.16 million. Following the sale, the insider now owns 17460.0 shares.

Comerica, Inc. disclosed in a document filed with the SEC on Jan 29 ’24 that McKinney Cassandra M. (EVP) sold a total of 1,616 shares of the company’s common stock. The trade occurred on Jan 29 ’24 and was made at $54.64 per share for $88293.0. Following the transaction, the insider now directly holds 8314.0 shares of the CMA stock.

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