Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Costar Group, Inc shares valued at $209,939 were sold by Hill John W on Dec 10 ’24. At $76.76 per share, Hill John W sold 2,735 shares. The insider’s holdings dropped to 17,499 shares worth approximately $1.28 million following the completion of this transaction.
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Also, Hill John W purchased 2,735 shares, netting a total of over 215,100 in proceeds.
Before that, NASSETTA CHRISTOPHER J had sold 1,681 shares from its account. In a trade valued at $135,136, the Director traded Costar Group, Inc shares for $80.39 each. Upon closing the transaction, the insider’s holdings decreased to 1,681 shares, worth approximately $16.76 million.
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 drop of approximately -0.25%. Over the course of the year, Costar Group, Inc shares have dropped approximately -16.52%. 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 $75.89, while a 200-day SMA reached $79.80. Nevertheless, trading volume fell to 1.16 million shares from 2.5 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 72.25, which, if violated, would cause prices to drop to 71.56. In the upper region, resistance lies at 73.32. The next price resistance is at 73.70. RSI (Relative Strength Index) is 43.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.37, which suggests the price will decrease in the coming days. Percent R is at 66.18%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
