Yahoo Finance Why Is CBRE (CBRE) Stock Soaring Today
What Happened:
Shares of commercial real estate firm CBRE (NYSE:CBRE) jumped 12.1% in the afternoon session after the company reported second-quarter earnings results. CBRE beat analysts' revenue expectations. The topline benefitted from meaningful contributions from all major operating segments. Its EPS also outperformed Wall Street's estimates. Overall, we think this was a really good quarter that should please shareholders.
Is now the time to buy CBRE? Access our full analysis report here, it's free.
What is the market telling us:
CBRE's shares are somewhat volatile and over the last year have had 7 moves greater than 5%. But moves this big are very rare even for CBRE and that is indicating to us that this news had a significant impact on the market's perception of the business.
CBRE is up 18.8% since the beginning of the year, and at $110.72 per share, has set a new 52-week high. Investors who bought $1,000 worth of CBRE's shares 5 years ago would now be looking at an investment worth $2,107.
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.
