CBRE Group Inc’s recent filing unveils that its Chief Accounting Officer Caplan Lindsey S unloaded Company’s shares for reported $0.22 million on Jul 26 ’24. In the deal valued at $109.87 per share,2,000 shares were sold. As a result of this transaction, Caplan Lindsey S now holds 16,606 shares worth roughly $1.84 million.
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Then, Queenan Daniel G sold 10,000 shares, generating $886,400 in total proceeds. Upon selling the shares at $88.64, the CEO, Real Estate Investments now owns 227,094 shares.
Before that, Giamartino Emma E. sold 704 shares. CBRE Group Inc shares valued at $65,725 were divested by the Chief Financial Officer at a price of $93.36 per share. As a result of the transaction, Giamartino Emma E. now holds 71,646 shares, worth roughly $7.92 million.
Evercore ISI upgraded its CBRE Group Inc [CBRE] rating to an Outperform from a an In-line in a research note published on July 26, 2024; the price target was increased to $123 from $100. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in late July with a ‘”an Equal-weight”‘ rating. Jefferies began covering CBRE with “Hold” recommendation on April 10, 2024. Evercore ISI revised its rating on January 03, 2024. It rated CBRE as “an In-line” which previously was an “an Outperform”.
Price Performance Review of CBRE
On Monday, CBRE Group Inc [NYSE:CBRE] saw its stock fall -0.01% to $110.54. Over the last five days, the stock has gained 11.92%. CBRE Group Inc shares have risen nearly 18.75% since the year began. Nevertheless, the stocks have risen 32.78% over the past one year. While a 52-week high of $112.21 was reached on 07/29/24, a 52-week low of $64.63 was recorded on 02/05/24. SMA at 50 days reached $91.19, while 200 days put it at $86.86. A total of 2.47 million shares were traded, compared to the trading of 3.58 million shares in the previous session.
Levels Of Support And Resistance For CBRE Stock
The 24-hour chart illustrates a support level at 109.53, which if violated will result in even more drops to 108.53. On the upside, there is a resistance level at 111.89. A further resistance level may holdings at 113.25. The Relative Strength Index (RSI) on the 14-day chart is 85.01, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.34, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.11%. Stochastics%K at 90.90% indicates the stock is a selling.
The most recent change occurred on January 27, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $100 price target.
