CoStar Group stock falls 6.32% and underperforms market

7 articles · Updated · MarketWatch · May 8

Shares closed at $32.77 on Friday as the S&P 500 rose 0.84% to 7,398.93 and the Dow Jones Industrial Average edged up 0.02% to 49,609.16.
The decline left CoStar 66.37% below its 52-week high of $97.43, reached on 5 August.
Trading volume reached 7.1 million shares, above the stock's 50-day average of 6.3 million, indicating heavier-than-usual selling activity.

With record earnings but a crashing stock, is CoStar's billion-dollar bet a brilliant move or a fatal flaw?

Activists are dumping CoStar stock while the CEO buys millions. Who is making the smarter bet on the company's future?