CBRE Group Inc’s recent filing unveils that its Officer Giamartino Emma E. acquired Company’s shares for reported $0.24 million on Nov 15 ’24. In the deal valued at $131.34 per share,1,815 shares were bought.
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Then, Jenny Christopher T sold 8,444 shares, generating $1,144,429 in total proceeds. Upon selling the shares at $135.53, the Director now owns 42,800 shares.
Before that, Kohli Vikramaditya sold 1,049 shares. CBRE Group Inc shares valued at $142,024 were divested by the Chief Operating Officer at a price of $135.39 per share. As a result of the transaction, Kohli Vikramaditya now holds 68,177 shares, worth roughly $9.05 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 jump 1.87% to $132.67. Over the last five days, the stock has lost -2.30%. CBRE Group Inc shares have risen nearly 42.52% since the year began. Nevertheless, the stocks have risen 69.98% over the past one year. While a 52-week high of $137.93 was reached on 11/11/24, a 52-week low of $76.63 was recorded on 02/05/24. SMA at 50 days reached $125.61, while 200 days put it at $102.61.
Levels Of Support And Resistance For CBRE Stock
The 24-hour chart illustrates a support level at 130.29, which if violated will result in even more drops to 127.91. On the upside, there is a resistance level at 133.94. A further resistance level may holdings at 135.22. The Relative Strength Index (RSI) on the 14-day chart is 55.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.52%. Stochastics %K at 37.13% 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 2024-10-31, dropping by -0.18 million shares to a total of 4.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.99 million shares. There was a decline of -3.76%, 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.
