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Costar Group, Inc. [CSGP] President, Marketplaces makes an insider sale of 2,500 shares worth 221,075.

NUE

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Costar Group, Inc. shares valued at $221,075 were sold by SAINT FREDERICK G. on May 16 ’24. At $88.43 per share, SAINT FREDERICK G. sold 2,500 shares. The insider’s holdings dropped to 282,856 shares worth approximately $20.87 million following the completion of this transaction.

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Also, Ruggles Lisa sold 20,000 shares, netting a total of over 1,823,000 in proceeds. Following the sale of shares at $91.15 each, the insider now holds 172,616 shares.

Before that, Wheeler Scott T had sold 122,736 shares from its account. In a trade valued at $11,366,581, the Chief Financial Officer traded Costar Group, Inc. shares for $92.61 each. Upon closing the transaction, the insider’s holdings decreased to 122,736 shares, worth approximately $22.39 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 surge of approximately 1.30%. Over the course of the year, Costar Group, Inc. shares have dropped approximately -15.55%. Shares of the company reached a 52-week high of $100.38 on 03/18/24 and a 52-week low of $71.90 on 06/18/24. A 50-day SMA is recorded $82.34, while a 200-day SMA reached $83.47. Nevertheless, trading volume fell to 1.05 million shares from 1.7 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 73.41, which, if violated, would cause prices to drop to 72.99. In the upper region, resistance lies at 74.35. The next price resistance is at 74.86. RSI (Relative Strength Index) is 34.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 64.52%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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