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 $145.18 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 -1.96% to $75.87. Over the last five days, the stock has gained 2.76%. Costar Group, Inc shares have fallen nearly -13.18% since the year began. Nevertheless, the stocks have fallen -2.24% 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 $76.03, while 200 days put it at $81.04.
Levels Of Support And Resistance For CSGP Stock
The 24-hour chart illustrates a support level at 75.15, which if violated will result in even more drops to 74.42. On the upside, there is a resistance level at 77.30. A further resistance level may holdings at 78.72. The Relative Strength Index (RSI) on the 14-day chart is 51.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.86%. Stochastics %K at 82.49% indicates the stock is a selling.
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.
