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 $27.23 million.
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 $9.23 million.
Jefferies upgraded its CBRE Group Inc [CBRE] rating to a Buy from a a Hold in a research note published on January 02, 2025; the price target was increased to $152 from $133. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Overweight”. Goldman began covering CBRE with “Buy” recommendation on December 06, 2024. Evercore ISI revised its rating on July 26, 2024. It rated CBRE as “an Outperform” which previously was an “an In-line”.
Price Performance Review of CBRE
On Friday, CBRE Group Inc [NYSE:CBRE] saw its stock jump 1.23% to $131.50. Over the last five days, the stock has lost -0.38%. CBRE Group Inc shares have risen nearly 0.16% since the year began. Nevertheless, the stocks have risen 47.67% over the past one year. While a 52-week high of $142.00 was reached on 01/02/25, a 52-week low of $82.75 was recorded on 01/02/25. SMA at 50 days reached $133.61, while 200 days put it at $109.42.
Levels Of Support And Resistance For CBRE Stock
The 24-hour chart illustrates a support level at 130.02, which if violated will result in even more drops to 128.53. On the upside, there is a resistance level at 132.43. A further resistance level may holdings at 133.36. The Relative Strength Index (RSI) on the 14-day chart is 47.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.08%. Stochastics %K at 36.67% 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 2024-12-13, growing by 0.2 million shares to a total of 4.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 4.53 million shares. There was a rise of 4.28%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 25, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $105 price target.
