Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. CBRE Group Inc shares valued at $1,401,200 were sold by Queenan Daniel G on Dec 02 ’24. At $140.12 per share, Queenan Daniel G sold 10,000 shares. The insider’s holdings dropped to 207,094 shares worth approximately $27.32 million following the completion of this transaction.
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Also, Queenan Daniel G purchased 10,000 shares, netting a total of over 1,401,200 in proceeds.
Before that, Giamartino Emma E. had sold 1,815 shares from its account. In a trade valued at $238,382, the Chief Financial Officer traded CBRE Group Inc shares for $131.34 each. Upon closing the transaction, the insider’s holdings decreased to 1,815 shares, worth approximately $9.25 million.
As published in a research note from JP Morgan on December 16, 2024, CBRE Group Inc [CBRE] has been rated up from a Neutral to an Overweight and the price target has been revised to $163 from $120. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of July 26, 2024, Evercore ISI has increased its “an In-line” rating to a “an Outperform” for CBRE. Earlier on July 25, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Equal-weight” for CBRE stock.
Analyzing CBRE Stock Performance
During the last five days, there has been a drop of approximately -2.88%. Over the course of the year, CBRE Group Inc shares have jumped approximately 41.71%. Shares of the company reached a 52-week high of $142.00 on 11/27/24 and a 52-week low of $82.75 on 02/05/24. A 50-day SMA is recorded $132.78, while a 200-day SMA reached $108.30. Nevertheless, trading volume fell to 1.03 million shares from 1.57 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 130.44, which, if violated, would cause prices to drop to 128.97. In the upper region, resistance lies at 132.74. The next price resistance is at 133.57. RSI (Relative Strength Index) is 46.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.90, which suggests the price will decrease in the coming days. Percent R is at 57.31%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
