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An update from Newmark Group ( (NMRK) ) is now available.
On February 18, 2025, Cantor Fitzgerald fulfilled its deferred stock distribution obligations by exchanging limited partnership interests for 7,221,277 shares of Newmark’s Class A Common Stock. This transaction did not alter the number of shares outstanding. On the same date, Howard Lutnick stepped down as Newmark’s Executive Chairman after being confirmed as the U.S. Secretary of Commerce. Barry Gosin was appointed as Principal Executive Officer, and Kyle Lutnick and Stephen Merkel joined the Board of Directors, with Merkel also becoming the Chairman.
More about Newmark Group
Newmark Group, Inc. is a leading global commercial real estate advisory and service provider. It offers a comprehensive suite of services and products tailored to clients across the property life cycle, including owners, occupiers, investors, and startups. With a global presence, Newmark operates from approximately 170 offices with more than 8,000 professionals across four continents.
YTD Price Performance: 16.11%
Average Trading Volume: 940,426
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.49B
See more insights into NMRK stock on TipRanks’ Stock Analysis page.
