CBRE Group (CBG) : Money flow in the CBRE Group (CBG) stock was negative (16.67 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $12.59 million, compared to $29.26 million on downticks. The total uptick to downtick ratio was 0.43, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($16.22 million), indicating selling on the strength. The transaction value during uptick in block trades was $4.15 million. Downtick transaction value in block trades amounted to $20.37 million, indicating persistent selling. The uptick to downtick ratio was 0.2. CBRE Group (CBG) traded $0.05 higher at $27.55 gaining 0.18% over the previous days close.
The stock has recorded a 20-day Moving Average of 1.75% and the 50-Day Moving Average is 3.27%. Shares have dropped -29.85% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $38.76 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $28.37 and the 200 Day Moving Average price is recorded at $28.46.
CBRE Group (NYSE:CBG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.11 and $27.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.55, notching a gain of 0.18% for the day. The total traded volume was 2,982,514 . The stock had closed at $27.50 on the previous day.
In an insider trading activity, The Securities and Exchange Commission has divulged that Groch James R, officer (Chief Financial Officer) of Cbre Group, Inc., had unloaded 10,000 shares at an average price of $30.2 in a transaction dated on June 10, 2016. The total value of the transaction was worth $302,000.
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.