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Costar Group, Inc. (CSGP) receives a Buy rating from Citigroup

In a filing, Costar Group, Inc. revealed its President, Marketplaces SAINT FREDERICK G. unloaded Company’s shares for reported $0.22 million on May 16 ’24. In the deal valued at $88.43 per share,2,500 shares were sold. As a result of this transaction, SAINT FREDERICK G. now holds 282,856 shares worth roughly $20.54 million.

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Then, Ruggles Lisa sold 20,000 shares, generating $1,823,000 in total proceeds. Upon selling the shares at $91.15, the Senior VP, Global Operations now owns 172,616 shares.

Before that, Wheeler Scott T sold 122,736 shares. Costar Group, Inc. shares valued at $11,366,581 were divested by the Chief Financial Officer at a price of $92.61 per share. As a result of the transaction, Wheeler Scott T now holds 303,417 shares, worth roughly $22.04 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 Monday, Costar Group, Inc. [NASDAQ:CSGP] saw its stock fall -0.71% to $72.63. Over the last five days, the stock has lost -2.04%. Costar Group, Inc. shares have fallen nearly -16.89% since the year began. Nevertheless, the stocks have fallen -17.50% 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 06/18/24. SMA at 50 days reached $81.72, while 200 days put it at $83.40. A total of 1.85 million shares were traded, compared to the trading of 1.05 million shares in the previous session.

Levels Of Support And Resistance For CSGP Stock

The 24-hour chart illustrates a support level at 72.11, which if violated will result in even more drops to 71.60. On the upside, there is a resistance level at 73.53. A further resistance level may holdings at 74.44. The Relative Strength Index (RSI) on the 14-day chart is 30.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.22%. Stochastics%K at 31.79% indicates the stock is a holding.

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