In a filing, CBRE Group Inc revealed its Director Jenny Christopher T unloaded Company’s shares for reported $1.21 million on Aug 20 ’24. In the deal valued at $112.00 per share,10,847 shares were sold. As a result of this transaction, Jenny Christopher T now holds 51,244 shares worth roughly $5.98 million.
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Then, Jenny Christopher T bought 10,847 shares, generating $1,218,986 in total proceeds.
Before that, Giamartino Emma E. sold 3,311 shares. CBRE Group Inc shares valued at $360,535 were divested by the Chief Financial Officer at a price of $108.89 per share. As a result of the transaction, Giamartino Emma E. now holds 71,969 shares, worth roughly $8.4 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 -0.26% to $116.72. Over the last five days, the stock has gained 3.75%. CBRE Group Inc shares have risen nearly 25.38% since the year began. Nevertheless, the stocks have risen 39.68% over the past one year. While a 52-week high of $117.65 was reached on 08/26/24, a 52-week low of $64.63 was recorded on 02/05/24. SMA at 50 days reached $100.40, while 200 days put it at $90.94.
Levels Of Support And Resistance For CBRE Stock
The 24-hour chart illustrates a support level at 116.04, which if violated will result in even more drops to 115.37. On the upside, there is a resistance level at 117.89. A further resistance level may holdings at 119.07. The Relative Strength Index (RSI) on the 14-day chart is 73.77, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.25, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.64%. Stochastics %K at 92.50% indicates the stock is a selling.
How much short interest is there in CBRE Group Inc?
A steep rise in short interest was recorded in CBRE Group Inc stocks on 2024-07-31, dropping by -1.39 million shares to a total of 4.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 6.34 million shares. There was a decline of -28.16%, which implies that there is a negative sentiment for the stock.
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.
