Large Outflow of Money Witnessed in CBRE Group

CBRE Group (CBG) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($1.34 million) and the uptick to downtick ratio was 0.7. The transaction value on upticks was $3.1 million and on downticks, the transaction value was $4.45 million. In block trades, the transaction value of inflow done during uptick was $1.44 million. The transaction value of block trades during downticks was $2.87 million. The uptick to downtick block trade ratio was 0.5. The money flow was negative ($1.43 million), indicating the traders were booking profit on the price strength. CBRE Group (CBG) rose $0.24 at $28.79, during intraday Friday , a rise of 0.84% over the previous days close.


CBRE Group (CBG) : The highest short term price target forecast on CBRE Group (CBG) is $40 and the lowest target price is $32. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $36.25 with a standard deviation of $4.35.

CBRE Group (NYSE:CBG): stock turned positive on Friday. Though the stock opened at $28.55, the bulls momentum made the stock top out at $29.22 level for the day. The stock recorded a low of $28.4684 and closed the trading day at $28.99, in the green by 1.54%. The total traded volume for the day was 2,921,484. The stock had closed at $28.55 in the previous days trading.

In a related news, 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.

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