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M&T Bank Corp Invests $5.68 Million in Commerce.com, Inc. $CMRC
M&T Bank Corp has invested $5.68 million in Commerce.com, Inc. ($CMRC), acquiring 1,378,357 shares and representing a 1.70% ownership stake. Insider Ellen F. Siminoff also increased her holdings by 39.47%, purchasing 100,000 shares for $2.94 each. Analyst sentiment for Commerce.com is weak, with a “Reduce” average rating and a consensus price target of $5.17, while the stock currently trades near $3 and has a high debt-to-equity ratio of 3.89.