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 $219,746 were purchased by Caplan Lindsey S on Jul 26 ’24. At $109.87 per share, Caplan Lindsey S acquired 2,000 shares.
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Also, Caplan Lindsey S sold 2,000 shares, netting a total of over 219,746 in proceeds. Following the sale of shares at $109.87 each, the insider now holds 16,606 shares.
Before that, Queenan Daniel G had sold 10,000 shares from its account. In a trade valued at $886,400, the CEO, Real Estate Investments traded CBRE Group Inc shares for $88.64 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $25.52 million.
As published in a research note from Evercore ISI on July 26, 2024, CBRE Group Inc [CBRE] has been rated up from an In-line to an Outperform and the price target has been revised to $123 from $100. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in late July. As of April 10, 2024, Jefferies has initiated its “Hold” rating for CBRE. Earlier on January 03, 2024, Evercore ISI downgraded its rating. Their new recommendation was “an In-line” for CBRE stock which previously was a “an Outperform”.
Analyzing CBRE Stock Performance
During the last five days, there has been a surge of approximately 4.62%. Over the course of the year, CBRE Group Inc shares have jumped approximately 20.73%. Shares of the company reached a 52-week high of $114.51 on 07/31/24 and a 52-week low of $82.75 on 02/05/24. A 50-day SMA is recorded $92.46, while a 200-day SMA reached $87.46. Nevertheless, trading volume fell to 2.21 million shares from 1.97 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 110.93, which, if violated, would cause prices to drop to 109.47. In the upper region, resistance lies at 113.69. The next price resistance is at 114.99. RSI (Relative Strength Index) is 85.09 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.95, which suggests the price will increase in the coming days. Percent R is at 10.67%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
