Markets

10% owner takes a bigger piece of CBRE Group

ValueAct Capital Master Fund, 10% owner of CBRE Group ( CBG ), bought 1,200,0002 shares of the company's common stock on November 9. The shares were purchased at $26.95 for a total of $32,340,000.00.

InvestorsKeyhole Trade Alert

IK-> The technicals for CBG ($27.78 up $0.54) are neutral with a neutral trend. Support has been around $25.67 and resistance around $28.30. Look at the January 20/25 bull-put spread for a 20-cent credit. That's a 4.2% return and the stock has to fall 10.0% to cause a problem. [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Options