Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CBRE Group Inc shares valued at $1,146,700 were sold by Queenan Daniel G on Sep 03 ’24. At $114.67 per share, Queenan Daniel G sold 10,000 shares. The insider’s holdings dropped to 217,094 shares worth approximately $26.59 million following the completion of this transaction.
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Also, Queenan Daniel G purchased 10,000 shares, netting a total of over 1,146,700 in proceeds.
Before that, MUNOZ OSCAR had added 2,100 shares to its account. In a trade valued at $242,109, the Director bought CBRE Group Inc shares for $115.29 each. Upon closing the transaction, the insider’s holdings increased to 2,100 shares, worth approximately $1.65 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 4.26%. Over the course of the year, CBRE Group Inc shares have jumped approximately 31.58%. Shares of the company reached a 52-week high of $122.59 on 09/19/24 and a 52-week low of $82.75 on 02/05/24. A 50-day SMA is recorded $110.06, while a 200-day SMA reached $94.28. Nevertheless, trading volume fell to 1.83 million shares from 1.58 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 121.26, which, if violated, would cause prices to drop to 120.03. In the upper region, resistance lies at 123.15. The next price resistance is at 123.82. RSI (Relative Strength Index) is 74.59 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.26, which suggests the price will increase in the coming days. Percent R is at 0.98%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
