In a filing, Costar Group, Inc revealed its Chief Human Resources Officer DESMARAIS MICHAEL J unloaded Company’s shares for reported $0.44 million on Nov 26 ’24. In the deal valued at $79.88 per share,5,500 shares were sold. As a result of this transaction, DESMARAIS MICHAEL J now holds 58,798 shares worth roughly $4.78 million.
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Then, Christopher J Nasseta bought 1,681 shares, generating $134,346 in total proceeds.
Before that, MICHAEL DESMARAIS bought 5,500 shares. Costar Group, Inc shares valued at $439,324 were divested by the Officer at a price of $79.88 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 Friday, Costar Group, Inc [NASDAQ:CSGP] saw its stock fall -0.77% to $81.34. Over the last five days, the stock has gained 5.64%. Costar Group, Inc shares have fallen nearly -6.92% since the year began. Nevertheless, the stocks have fallen -3.10% 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 $75.76, while 200 days put it at $80.61.
Levels Of Support And Resistance For CSGP Stock
The 24-hour chart illustrates a support level at 80.80, which if violated will result in even more drops to 80.25. On the upside, there is a resistance level at 82.19. A further resistance level may holdings at 83.03. The Relative Strength Index (RSI) on the 14-day chart is 63.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.81%. Stochastics %K at 95.22% 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 2024-11-15, growing by 2.98 million shares to a total of 11.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 8.07 million shares. There was a rise of 26.97%, which implies that there is a positive sentiment for the stock.
