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Recent Insider Activity Could Benefit Costar Group, Inc (CSGP)

Costar Group, Inc’s recent filing unveils that its Director Hill John W unloaded Company’s shares for reported $0.21 million on Dec 10 ’24. In the deal valued at $76.76 per share,2,735 shares were sold. As a result of this transaction, Hill John W now holds 17,499 shares worth roughly $1.28 million.

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Then, Hill John W bought 2,735 shares, generating $215,100 in total proceeds.

Before that, NASSETTA CHRISTOPHER J sold 1,681 shares. Costar Group, Inc shares valued at $135,136 were divested by the Director at a price of $80.39 per share. As a result of the transaction, NASSETTA CHRISTOPHER J now holds 229,715 shares, worth roughly $16.8 million.

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 Tuesday, Costar Group, Inc [NASDAQ:CSGP] saw its stock fall -2.78% to $73.13. Over the last five days, the stock has lost -4.32%. Costar Group, Inc shares have fallen nearly -16.32% since the year began. Nevertheless, the stocks have fallen -16.49% 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 $76.32, while 200 days put it at $80.17.

Levels Of Support And Resistance For CSGP Stock

The 24-hour chart illustrates a support level at 71.99, which if violated will result in even more drops to 70.85. On the upside, there is a resistance level at 75.36. A further resistance level may holdings at 77.59. The Relative Strength Index (RSI) on the 14-day chart is 39.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.47%. Stochastics %K at 6.61% indicates the stock is a buying.

How much short interest is there in Costar Group, Inc?

A steep rise in short interest was recorded in Costar Group, Inc stocks on 2024-11-29, dropping by -0.8 million shares to a total of 11.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 11.92 million shares. There was a decline of -7.17%, which implies that there is a negative sentiment for the stock.

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