CBRE Group Inc’s recent filing unveils that its CEO, Real Estate Investments Queenan Daniel G unloaded Company’s shares for reported $1.15 million on Sep 03 ’24. In the deal valued at $114.67 per share,10,000 shares were sold. As a result of this transaction, Queenan Daniel G now holds 217,094 shares worth roughly $25.88 million.
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Then, Queenan Daniel G bought 10,000 shares, generating $1,146,700 in total proceeds.
Before that, MUNOZ OSCAR bought 2,100 shares. CBRE Group Inc shares valued at $242,109 were divested by the Director at a price of $115.29 per share. As a result of the transaction, MUNOZ OSCAR now holds 13,470 shares, worth roughly $1.61 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 -1.34% to $119.22. Over the last five days, the stock has lost -4.23%. CBRE Group Inc shares have risen nearly 28.07% since the year began. Nevertheless, the stocks have risen 64.92% over the past one year. While a 52-week high of $125.43 was reached on 10/02/24, a 52-week low of $64.63 was recorded on 02/05/24. SMA at 50 days reached $115.73, while 200 days put it at $96.51.
Levels Of Support And Resistance For CBRE Stock
The 24-hour chart illustrates a support level at 118.16, which if violated will result in even more drops to 117.09. On the upside, there is a resistance level at 120.37. A further resistance level may holdings at 121.51. The Relative Strength Index (RSI) on the 14-day chart is 49.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.93%. Stochastics %K at 39.71% indicates the stock is a holding.
How much short interest is there in CBRE Group Inc?
A steep rise in short interest was recorded in CBRE Group Inc stocks on 2024-09-13, growing by 0.17 million shares to a total of 4.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.59 million shares. There was a rise of 3.64%, which implies that there is a positive 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.
