The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $28.95 million following the completion of this transaction.
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 $9.81 million.
As published in a research note from Raymond James on January 24, 2025, CBRE Group Inc [CBRE] has been rated down from a Strong buy to an Outperform and the price target has been revised to $152 from $155. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid January. As of January 02, 2025, Jefferies has increased its “Hold” rating to a “Buy” for CBRE. Earlier on December 16, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for CBRE stock which previously was a “a Neutral”.
Analyzing CBRE Stock Performance
During the last five days, there has been a drop of approximately -1.33%. Over the course of the year, CBRE Group Inc shares have jumped approximately 6.47%. Shares of the company reached a 52-week high of $147.75 on 02/06/25 and a 52-week low of $120.26 on 01/10/25. A 50-day SMA is recorded $136.88, while a 200-day SMA reached $118.13. Nevertheless, trading volume fell to 1.58 million shares from 1.71 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 138.41, which, if violated, would cause prices to drop to 137.03. In the upper region, resistance lies at 141.83. The next price resistance is at 143.87. RSI (Relative Strength Index) is 49.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.56, which suggests the price will decrease in the coming days. Percent R is at 55.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
