Costar Group, Inc.’s recent filing unveils that its Chief Financial Officer Wheeler Scott T unloaded Company’s shares for reported $11.37 million on Apr 26 ’24. In the deal valued at $92.61 per share,122,736 shares were sold. As a result of this transaction, Wheeler Scott T now holds 303,417 shares worth roughly $27.77 million.
Then, DESMARAIS MICHAEL J sold 3,800 shares, generating $352,146 in total proceeds. Upon selling the shares at $92.67, the Chief Human Resources Officer now owns 64,087 shares.
Before that, Hill John W sold 3,020 shares. Costar Group, Inc. shares valued at $253,891 were divested by the Director at a price of $84.07 per share. As a result of the transaction, Hill John W now holds 17,870 shares, worth roughly $1.64 million.
Citigroup reiterated its Costar Group, Inc. [CSGP] rating to a Buy in a research note published on February 07, 2024; the price target was $97. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in mid January with a ‘”a Neutral”‘ rating.
Price Performance Review of CSGP
On Tuesday, Costar Group, Inc. [NASDAQ:CSGP] saw its stock fall -1.05% to $91.53. Over the last five days, the stock has gained 8.17%. Costar Group, Inc. shares have risen nearly 4.74% since the year began. Nevertheless, the stocks have risen 18.95% over the past one year. While a 52-week high of $100.38 was reached on 03/18/24, a 52-week low of $67.35 was recorded on 02/20/24. SMA at 50 days reached $89.89, while 200 days put it at $83.82. A total of 2.19 million shares were traded, compared to the trading of 1.77 million shares in the previous session.
Levels Of Support And Resistance For CSGP Stock
The 24-hour chart illustrates a support level at 90.76, which if violated will result in even more drops to 89.99. On the upside, there is a resistance level at 92.57. A further resistance level may holdings at 93.61. The Relative Strength Index (RSI) on the 14-day chart is 53.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.36%. Stochastics %K at 79.97% indicates the stock is a holding.
