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Colliers International Group Inc T.CIGI

Alternate Symbol(s):  CIGI

Colliers International Group Inc. is a diversified professional services company. It provides commercial real estate services, engineering consultancy and investment management with operations in 70 countries. Its segment includes Real Estate Services, Engineering and Investment Management. Its primary service lines are outsourcing, engineering, investment management, leasing and capital markets. Its services for landlords and investors include landlord representation, project management, capital market, valuation and advisory, real estate management, engineering and design services, and others. Its services for occupiers and tenants include occupier services, tenant representation, project management, technology services, and others. It offers services to various properties-including hospitality, industrial, land, multifamily, office, retail healthcare, and special purpose. It provides its services to a range of industries, such as education, self-storage, life science, and others.


TSX:CIGI - Post by User

Post by retiredcfon Mar 11, 2022 7:35am
278 Views
Post# 34505712

Insider Buying

Insider Buying

Colliers International Group Inc. 

On March 3 and 4, co-chief investment officer Zach Michaud invested over $500,000 in shares of Colliers. He bought a total of 3,146 shares at an average price per share of approximately $159.15, after which this specific account held 19,146 shares.

Shares of Colliers have experienced a steep sell-off and are hovering just above oversold territory with an RSI reading of 32. On March 10, the share price closed at $158.79, down 19 per cent from the prior month. On Feb. 10, the stock price closed just below the $200 level, at $196.29.

Colliers has announced plans to exit Russia. In a news release issued on March 7, chief executive officer Jay Hennick said, “I am appalled and saddened by the unnecessary loss of life and the displacement of millions of Ukrainians from their home. We cannot and will not stand idly by. Our decision to exit Russia and Belarus is one we make with conviction.”

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