CBRE Group Inc. Cl A's stock fell 1.17% to $70.08 on April 5th, 2023, which marked its third consecutive day of losses. Trading volume eclipsed its 50-day average volume of 1.7 million. The decrease in the stock price was the result of the underperformance of the stock market for the day as the Dow Jones Industrial Average rose by 0.24% to 33,482.72, while the S&P 500 Index fell by 0.25% to 4,090.38. CBRE Group Inc. Cl A closed $20.29 short of its 52-week high ($90.37), which the company achieved on April 6th.
Several brokerages have recently issued reports on CBRE, with three investment analysts rating it as a hold rating, two as a buy rating, and one as a strong buy rating. Hedge funds and institutional investors have recently made changes to their positions in CBRE, with 96.07% of the stock currently owned by institutional investors. CBRE Group Inc. will release its Q1 2023 financial results on April 27th, 2023, and hold a conference call to discuss these results that same day.