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An Analysis of Costar Group, Inc. (CSGP)’s Potential Price Growth

Costar Group, Inc.’s recently made public that its Director Hill John W unloaded Company’s shares for reported $0.1 million on Jul 30 ’24. In the deal valued at $78.16 per share,1,325 shares were sold. As a result of this transaction, Hill John W now holds 16,545 shares worth roughly $1.21 million.

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Then, Hill John W bought 1,325 shares, generating $103,000 in total proceeds.

Before that, SAINT FREDERICK G. sold 2,500 shares. Costar Group, Inc. shares valued at $221,075 were divested by the President, Marketplaces at a price of $88.43 per share. As a result of the transaction, SAINT FREDERICK G. now holds 282,856 shares, worth roughly $20.73 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 -1.08% to $73.30. Over the last five days, the stock has lost -2.84%. Costar Group, Inc. shares have fallen nearly -16.12% since the year began. Nevertheless, the stocks have fallen -7.79% 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 07/10/24. SMA at 50 days reached $76.02, while 200 days put it at $82.13.

Levels Of Support And Resistance For CSGP Stock

The 24-hour chart illustrates a support level at 72.63, which if violated will result in even more drops to 71.97. On the upside, there is a resistance level at 74.09. A further resistance level may holdings at 74.88. The Relative Strength Index (RSI) on the 14-day chart is 39.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.75%. Stochastics %K at 8.37% indicates the stock is a buying.

How much short interest is there in Costar Group, Inc.?

A steep rise in short interest was recorded in Costar Group, Inc. stocks on 2024-09-13, growing by 0.95 million shares to a total of 8.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 7.14 million shares. There was a rise of 11.75%, which implies that there is a positive sentiment for the stock.

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