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 $28.12 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 $9.53 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 Friday, CBRE Group Inc [NYSE:CBRE] saw its stock fall -4.16% to $135.78. Over the last five days, the stock has lost -5.14%. CBRE Group Inc shares have risen nearly 3.42% since the year began. Nevertheless, the stocks have risen 49.26% over the past one year. While a 52-week high of $147.75 was reached on 02/06/25, a 52-week low of $84.24 was recorded on 01/10/25. SMA at 50 days reached $136.75, while 200 days put it at $117.08.
Levels Of Support And Resistance For CBRE Stock
The 24-hour chart illustrates a support level at 133.36, which if violated will result in even more drops to 130.93. On the upside, there is a resistance level at 140.04. A further resistance level may holdings at 144.29. The Relative Strength Index (RSI) on the 14-day chart is 40.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.30%. Stochastics %K at 39.35% indicates the stock is a holding.
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.
