The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Costar Group, Inc shares valued at $5,350,269 were sold by KLEIN MICHAEL R on Oct 25 ’24. At $74.69 per share, KLEIN MICHAEL R sold 71,633 shares. The insider’s holdings dropped to 1,913,501 shares worth approximately $147.34 million following the completion of this transaction.
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Also, FLORANCE ANDREW C purchased 14,731 shares, netting a total of over 1,099,966 in proceeds. Following the buying of shares at $74.67 each, the insider now holds 1,263,098 shares.
Before that, Michael Klein had added 71,633 shares to its account. In a trade valued at $5,300,000, the Director bought Costar Group, Inc shares for $73.99 each.
As published in a research note from RBC Capital Mkts on October 23, 2024, Costar Group, Inc [CSGP] has been rated down from an Outperform to a Sector perform and the price target has been revised to $83 from $96. Analysts at Citigroup resumed the stock at ‘”a Buy”‘ outlook in a report released in early February. As of January 19, 2024, BTIG Research has initiated its “Neutral” rating for CSGP.
Analyzing CSGP Stock Performance
During the last five days, there has been a surge of approximately 2.61%. Over the course of the year, Costar Group, Inc shares have dropped approximately -11.89%. Shares of the company reached a 52-week high of $100.38 on 03/18/24 and a 52-week low of $68.26 on 10/23/24. A 50-day SMA is recorded $75.47, while a 200-day SMA reached $80.65. Nevertheless, trading volume fell to 2.0 million shares from 4.39 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 75.53, which, if violated, would cause prices to drop to 74.07. In the upper region, resistance lies at 77.83. The next price resistance is at 78.67. RSI (Relative Strength Index) is 55.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 13.83%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
