In a filing, CBRE Group Inc revealed its CEO, Real Estate Investments Queenan Daniel G unloaded Company’s shares for reported $1.4 million on Dec 02 ’24. In the deal valued at $140.12 per share,10,000 shares were sold. As a result of this transaction, Queenan Daniel G now holds 207,094 shares worth roughly $28.55 million.
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Then, Queenan Daniel G bought 10,000 shares, generating $1,401,200 in total proceeds.
Before that, Giamartino Emma E. sold 1,815 shares. CBRE Group Inc shares valued at $238,382 were divested by the Chief Financial Officer at a price of $131.34 per share. As a result of the transaction, Giamartino Emma E. now holds 70,154 shares, worth roughly $9.67 million.
Goldman initiated its CBRE Group Inc [CBRE] rating to a Buy in a research note published on December 06, 2024; the price target was $176. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in late July from “an In-line” to “an Outperform”. Morgan Stanley began covering CBRE with “an Equal-weight” recommendation on July 25, 2024. Jefferies started covering the stock on April 10, 2024. It rated CBRE as “a Hold”.
Price Performance Review of CBRE
On Friday, CBRE Group Inc [NYSE:CBRE] saw its stock jump 1.07% to $137.88. Over the last five days, the stock has lost -1.51%. CBRE Group Inc shares have risen nearly 48.11% since the year began. Nevertheless, the stocks have risen 69.28% over the past one year. While a 52-week high of $142.00 was reached on 11/27/24, a 52-week low of $80.97 was recorded on 02/05/24. SMA at 50 days reached $129.91, while 200 days put it at $105.78.
Levels Of Support And Resistance For CBRE Stock
The 24-hour chart illustrates a support level at 137.13, which if violated will result in even more drops to 136.37. On the upside, there is a resistance level at 139.17. A further resistance level may holdings at 140.45. The Relative Strength Index (RSI) on the 14-day chart is 58.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.15%. Stochastics %K at 63.71% 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 2024-11-15, dropping by -0.24 million shares to a total of 4.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.77 million shares. There was a decline of -5.32%, which implies that there is a negative sentiment for the stock.
