Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Costar Group, Inc. shares valued at $11,366,581 were sold by Wheeler Scott T on Apr 26 ’24. At $92.61 per share, Wheeler Scott T sold 122,736 shares. The insider’s holdings dropped to 303,417 shares worth approximately $27.4 million following the completion of this transaction.
Also, DESMARAIS MICHAEL J sold 3,800 shares, netting a total of over 352,146 in proceeds. Following the sale of shares at $92.67 each, the insider now holds 64,087 shares.
Before that, Hill John W had sold 3,020 shares from its account. In a trade valued at $253,891, the Director traded Costar Group, Inc. shares for $84.07 each. Upon closing the transaction, the insider’s holdings decreased to 3,020 shares, worth approximately $1.61 million.
As published in a research note from Citigroup on February 07, 2024, Costar Group, Inc. [CSGP] has been retained to a Buy and the price target has been revised to $97. Analysts at BTIG Research started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid January.
Analyzing CSGP Stock Performance
During the last five days, there has been a drop of approximately -0.04%. Over the course of the year, Costar Group, Inc. shares have jumped approximately 3.35%. Shares of the company reached a 52-week high of $100.38 on 03/18/24 and a 52-week low of $79.82 on 02/20/24. A 50-day SMA is recorded $90.77, while a 200-day SMA reached $83.82. Nevertheless, trading volume fell to 1.09 million shares from 1.26 million shares the previous day.
Support And Resistance Levels for Costar Group, Inc. (CSGP)
According to the 24-hour chart, there is a support level at 89.53, which, if violated, would cause prices to drop to 88.74. In the upper region, resistance lies at 91.64. The next price resistance is at 92.97. RSI (Relative Strength Index) is 49.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.46, which suggests the price will increase in the coming days. Percent R is at 33.58%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
