CBRE Group Inc’s filing revealed 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 $29.48 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 $1.83 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 -0.21% to $135.80. Over the last five days, the stock has gained 3.24%. CBRE Group Inc shares have risen nearly 45.88% since the year began. Nevertheless, the stocks have risen 88.48% over the past one year. While a 52-week high of $137.09 was reached on 11/11/24, a 52-week low of $71.96 was recorded on 02/05/24. SMA at 50 days reached $123.79, while 200 days put it at $101.45.
Levels Of Support And Resistance For CBRE Stock
The 24-hour chart illustrates a support level at 134.83, which if violated will result in even more drops to 133.86. On the upside, there is a resistance level at 137.35. A further resistance level may holdings at 138.90. The Relative Strength Index (RSI) on the 14-day chart is 64.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.90, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.70%. Stochastics %K at 83.35% 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 2024-10-15, growing by 12848.0 shares to a total of 4.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.76 million shares. There was a rise of 0.27%, 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.
