CBRE Group Inc’s filing revealed that 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 $28.13 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 $9.53 million.
JP Morgan upgraded its CBRE Group Inc [CBRE] rating to an Overweight from a a Neutral in a research note published on December 16, 2024; the price target was increased to $163 from $120. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. Evercore ISI also remained covering CBRE and has increased its forecast on July 26, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. Morgan Stanley started covering the stock on July 25, 2024. It rated CBRE as “an Equal-weight”.
Price Performance Review of CBRE
On Tuesday, CBRE Group Inc [NYSE:CBRE] saw its stock fall -1.52% to $135.83. Over the last five days, the stock has lost -0.04%. CBRE Group Inc shares have risen nearly 45.91% since the year began. Nevertheless, the stocks have risen 49.07% over the past one year. While a 52-week high of $142.00 was reached on 11/27/24, a 52-week low of $82.75 was recorded on 02/05/24. SMA at 50 days reached $131.96, while 200 days put it at $107.39.
Levels Of Support And Resistance For CBRE Stock
The 24-hour chart illustrates a support level at 134.98, which if violated will result in even more drops to 134.13. On the upside, there is a resistance level at 137.22. A further resistance level may holdings at 138.60. The Relative Strength Index (RSI) on the 14-day chart is 50.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.19%. Stochastics %K at 40.93% 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 2024-11-29, dropping by 14684.0 shares to a total of 4.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.81 million shares. There was a decline of -0.31%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 10, 2024 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $107 price target.
