Costar Group, Inc.’s filing revealed that its Director KLEIN MICHAEL R unloaded Company’s shares for reported $5.35 million on Oct 25 ’24. In the deal valued at $74.69 per share,71,633 shares were sold. As a result of this transaction, KLEIN MICHAEL R now holds 1,913,501 shares worth roughly $142.19 million.
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Then, FLORANCE ANDREW C bought 14,731 shares, generating $1,099,966 in total proceeds. Upon buying the shares at $74.67, the President and CEO now owns 1,263,098 shares.
Before that, Michael Klein bought 71,633 shares. Costar Group, Inc. shares valued at $5,300,000 were divested by the Director at a price of $73.99 per share.
RBC Capital Mkts downgraded its Costar Group, Inc. [CSGP] rating to a Sector perform from a an Outperform in a research note published on October 23, 2024; the price target was decreased to $83 from $96. A number of analysts have revised their coverage, including Citigroup’s analysts, who remained covering the stock and in early February has reiterated a ‘”a Buy”‘ rating for it. BTIG Research began covering CSGP with “Neutral” recommendation on January 19, 2024.
Price Performance Review of CSGP
On Monday, Costar Group, Inc. [NASDAQ:CSGP] saw its stock fall -0.23% to $74.31. Over the last five days, the stock has lost -3.94%. Costar Group, Inc. shares have fallen nearly -14.97% since the year began. Nevertheless, the stocks have risen 4.87% over the past one year. While a 52-week high of $100.38 was reached on 03/18/24, a 52-week low of $68.26 was recorded on 10/23/24. SMA at 50 days reached $76.40, while 200 days put it at $81.47.
Levels Of Support And Resistance For CSGP Stock
The 24-hour chart illustrates a support level at 73.37, which if violated will result in even more drops to 72.44. On the upside, there is a resistance level at 75.36. A further resistance level may holdings at 76.41. The Relative Strength Index (RSI) on the 14-day chart is 44.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.47%. Stochastics %K at 51.87% indicates the stock is a holding.
How much short interest is there in Costar Group, Inc.?
A steep rise in short interest was recorded in Costar Group, Inc. stocks on 2024-10-15, dropping by 17607.0 shares to a total of 8.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.09 million shares. There was a decline of -0.22%, which implies that there is a negative sentiment for the stock.
