Large Outflow of Money Witnessed in CoStar Group

CoStar Group (CSGP) : The total money flow in CoStar Group (CSGP) was negative ($6.13 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $21.22 million. Transactions on upticks were comparatively lower at $15.09 million. The uptick to downtick ratio was 0.71. The total block trades on downticks were valued at $7.74 million. The money flow during block trades was negative ($7.74 million) when the stock traded with a gain of $251 cent. CoStar Group (CSGP) was $222.31, an increase of 1.14% over the previous days close.

CoStar

Shares of CoStar Group Inc. rose by 3.11% in the last five trading days and 7.24% for the last 4 weeks. CoStar Group Inc. is up 4.74% in the last 3-month period. Year-to-Date the stock performance stands at 7.56%.

CoStar Group (CSGP) has an average broker rating of 1.14, which is interpreted as a Strong Buy, as rated by 7 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

CoStar Group (NASDAQ:CSGP): The stock opened at $220.99 and touched an intraday high of $222.74 on Wednesday. During the day, the stock corrected to an intraday low of $219.81, however, the bulls stepped in and pushed the price higher to close in the green at $222.31 with a gain of 1.14% for the day. The total traded volume for the day was 255,890. The stock had closed at $219.8 in the previous trading session.

CoStar Group, Inc. (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate industry. The Company has five flagship brands: CoStar, LoopNet, Apartments.com, BizBuySell and LandsofAmerica. The Company has operations in the United States, Canada, the United Kingdom and France. The Company delivers its commercial real estate content to the United States customers primarily through an integrated suite of online service offerings that includes information about space available for lease, comparable sales information, information about properties for sale, tenant information, Internet marketing services, analytical capabilities, information for clients Websites, information about industry professionals and their business relationships, data integration and industry news. It also operates complementary online marketplaces for commercial real estate listings and apartment rentals.

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