Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Costar Group, Inc. shares valued at $103,562 were sold by Hill John W on Jul 30 ’24. At $78.16 per share, Hill John W sold 1,325 shares. The insider’s holdings dropped to 16,545 shares worth approximately $1.3 million following the completion of this transaction.
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Also, Hill John W purchased 1,325 shares, netting a total of over 103,000 in proceeds.
Before that, SAINT FREDERICK G. had sold 2,500 shares from its account. In a trade valued at $221,075, the President, Marketplaces traded Costar Group, Inc. shares for $88.43 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $22.16 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 4.68%. Over the course of the year, Costar Group, Inc. shares have dropped approximately -10.37%. Shares of the company reached a 52-week high of $100.38 on 03/18/24 and a 52-week low of $70.86 on 07/10/24. A 50-day SMA is recorded $76.12, while a 200-day SMA reached $81.71. Nevertheless, trading volume fell to 2.79 million shares from 2.76 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 77.24, which, if violated, would cause prices to drop to 76.15. In the upper region, resistance lies at 78.97. The next price resistance is at 79.61. RSI (Relative Strength Index) is 58.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.24, which suggests the price will increase in the coming days. Percent R is at 8.23%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
