CBRE Group Inc’s recent filing unveils that its CEO, Real Estate Investments Queenan Daniel G unloaded Company’s shares for reported $0.89 million on Jun 03 ’24. In the deal valued at $88.64 per share,10,000 shares were sold. As a result of this transaction, Queenan Daniel G now holds 227,094 shares worth roughly $19.9 million.
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Then, Giamartino Emma E. sold 704 shares, generating $65,725 in total proceeds. Upon selling the shares at $93.36, the Chief Financial Officer now owns 71,646 shares.
Before that, Giamartino Emma E. sold 2,667 shares. CBRE Group Inc shares valued at $249,443 were divested by the Chief Financial Officer at a price of $93.53 per share. As a result of the transaction, Giamartino Emma E. now holds 72,350 shares, worth roughly $6.34 million.
Jefferies initiated its CBRE Group Inc [CBRE] rating to a Hold in a research note published on April 10, 2024; the price target was $107. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in early January from “an Outperform” to “an In-line”. Citigroup began covering CBRE with “Buy” recommendation on January 27, 2023. Keefe Bruyette revised its rating on January 27, 2023. It rated CBRE as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of CBRE
On Monday, CBRE Group Inc [NYSE:CBRE] saw its stock jump 2.32% to $87.62. Over the last five days, the stock has gained 1.19%. CBRE Group Inc shares have fallen nearly -5.88% since the year began. Nevertheless, the stocks have risen 11.43% over the past one year. While a 52-week high of $98.65 was reached on 03/22/24, a 52-week low of $64.63 was recorded on 02/05/24. SMA at 50 days reached $88.75, while 200 days put it at $84.55. A total of 1.89 million shares were traded, compared to the trading of 3.08 million shares in the previous session.
Levels Of Support And Resistance For CBRE Stock
The 24-hour chart illustrates a support level at 85.64, which if violated will result in even more drops to 83.66. On the upside, there is a resistance level at 88.64. A further resistance level may holdings at 89.66. The Relative Strength Index (RSI) on the 14-day chart is 49.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.92%. Stochastics %K at 29.18% indicates the stock is a holding.
