CBRE Group Inc’s recent filing unveils 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 $29.53 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 $10.0 million.
Raymond James downgraded its CBRE Group Inc [CBRE] rating to an Outperform from a a Strong buy in a research note published on January 24, 2025; the price target was decreased to $152 from $155. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid January from “an Equal-weight” to “an Overweight”. Jefferies also remained covering CBRE and has increased its forecast on January 02, 2025 with a “Buy” recommendation from previously “Hold” rating. JP Morgan revised its rating on December 16, 2024. It rated CBRE as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of CBRE
On Tuesday, CBRE Group Inc [NYSE:CBRE] saw its stock fall -0.36% to $142.60. Over the last five days, the stock has gained 1.18%. CBRE Group Inc shares have risen nearly 8.61% since the year began. Nevertheless, the stocks have risen 64.38% over the past one year. While a 52-week high of $143.57 was reached on 01/28/25, a 52-week low of $82.75 was recorded on 01/10/25. SMA at 50 days reached $134.33, while 200 days put it at $112.31.
Levels Of Support And Resistance For CBRE Stock
The 24-hour chart illustrates a support level at 141.86, which if violated will result in even more drops to 141.11. On the upside, there is a resistance level at 143.52. A further resistance level may holdings at 144.43. The Relative Strength Index (RSI) on the 14-day chart is 64.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.65%. Stochastics %K at 96.81% indicates the stock is a selling.
How much short interest is there in CBRE Group Inc?
A steep rise in short interest was recorded in CBRE Group Inc stocks on 2025-01-15, growing by 0.16 million shares to a total of 4.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 4.74 million shares. There was a rise of 3.33%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 06, 2024 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $176 price target.
