Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. CBRE Group Inc shares valued at $65,725 were sold by Giamartino Emma E. on Mar 12 ’24. At $93.36 per share, Giamartino Emma E. sold 704 shares. The insider’s holdings dropped to 71,646 shares worth approximately $6.5 million following the completion of this transaction.
Also, Giamartino Emma E. sold 2,667 shares, netting a total of over 249,443 in proceeds. Following the sale of shares at $93.53 each, the insider now holds 72,350 shares.
Before that, Durburg John E had sold 25,000 shares from its account. In a trade valued at $2,305,058, the CEO, Advisory Services traded CBRE Group Inc shares for $92.20 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $18.85 million.
As published in their initiating research note from Jefferies on April 10, 2024, CBRE Group Inc [CBRE] has been a Hold and the price target has been revised to $107. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in early January. As of January 27, 2023, Citigroup has initiated its “Buy” rating for CBRE. Earlier on January 27, 2023, Keefe Bruyette downgraded its rating. Their new recommendation was “a Mkt perform” for CBRE stock which previously was a “an Outperform”.
Analyzing CBRE Stock Performance
During the last five days, there has been a drop of approximately -5.01%. Over the course of the year, CBRE Group Inc shares have dropped approximately -2.59%. Shares of the company reached a 52-week high of $98.65 on 03/22/24 and a 52-week low of $82.75 on 02/05/24. A 50-day SMA is recorded $91.89, while a 200-day SMA reached $83.84. Nevertheless, trading volume fell to 1.63 million shares from 1.3 million shares the previous day.
Support And Resistance Levels for CBRE Group Inc (CBRE)
According to the 24-hour chart, there is a support level at 89.94, which, if violated, would cause prices to drop to 89.21. In the upper region, resistance lies at 91.54. The next price resistance is at 92.40. RSI (Relative Strength Index) is 38.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.50, which suggests the price will decrease in the coming days. Percent R is at 92.89%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is CBRE Group Inc subject to short interest?
Stocks of CBRE Group Inc saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.31 million shares to 5.3 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 4.99 million shares. A jump of 5.85% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.27 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.27.
