The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. CBRE Group Inc shares valued at $238,382 were sold by Giamartino Emma E. on Nov 15 ’24. At $131.34 per share, Giamartino Emma E. sold 1,815 shares. The insider’s holdings dropped to 70,154 shares worth approximately $9.24 million following the completion of this transaction.
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Also, Giamartino Emma E. purchased 1,815 shares, netting a total of over 238,382 in proceeds.
Before that, Jenny Christopher T had sold 8,444 shares from its account. In a trade valued at $1,144,429, the Director traded CBRE Group Inc shares for $135.53 each. Upon closing the transaction, the insider’s holdings decreased to 8,444 shares, worth approximately $5.63 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 drop of approximately -0.27%. Over the course of the year, CBRE Group Inc shares have jumped approximately 41.42%. Shares of the company reached a 52-week high of $137.93 on 11/11/24 and a 52-week low of $82.75 on 02/05/24. A 50-day SMA is recorded $126.49, while a 200-day SMA reached $103.33. Nevertheless, trading volume fell to 2.1 million shares from 1.46 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 131.17, which, if violated, would cause prices to drop to 130.69. In the upper region, resistance lies at 132.45. The next price resistance is at 133.25. RSI (Relative Strength Index) is 53.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.95, which suggests the price will decrease in the coming days. Percent R is at 62.70%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
