CBRE Group (CBG) has been under a strong bear grip, hence the stock is down -6.27% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.42% in the past 1 week. The stock has risen by 4.96% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.17% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 1.78% and the 50-Day Moving Average is 3.32%.
CBRE Group (NYSE:CBG): The stock opened at $27.62 on Friday but the bulls could not build on the opening and the stock topped out at $27.75 for the day. The stock traded down to $27.38 during the day, due to lack of any buying support eventually closed down at $27.50 with a loss of -0.18% for the day. The stock had closed at $27.55 on the previous day. The total traded volume was 4,738,581 shares.
The company Insiders own 1.1% of CBRE Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.9% . Institutional Investors own 95.97% of CBRE Group shares. During last six month period, the net percent change held by insiders has seen a change of 3.62%. In a related news, The officer (Chief Financial Officer), of Cbre Group, Inc., Groch James R had unloaded 10,000 shares at $30.2 per share in a transaction on June 10, 2016. The total value of transaction was $302,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
CBRE Group, Inc. is a holding company that conducts all of its operations through its indirect subsidiaries. The Company is a commercial real estate services and investment firm. The Company operates through the segments: Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management, and Development Services. It offers services to occupiers, owners, lenders and investors in office retail industrial multifamily and other types of commercial real estate. Its business is focused on competencies, including commercial property and corporate facilities management, tenant/occupier and property/agency leasing, capital markets solutions (property sales, commercial mortgage origination and servicing, and debt/structured finance), real estate investment management, valuation, development services and research. It generates revenues from management fees on a contractual and per-project basis and from commissions on transactions. It also offers Global Workplace Solutions.