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Why CoStar Group Gained 19% Through the First Half of the Year

Why CoStar Group Gained 19% Through the First Half of the Year

Shares of CoStar Group (NASDAQ: CSGP) tacked on 19% through the first six months of the year, according to data from S&P Global Market Intelligence, as the data-driven real estate business was able to bounce to back from the market crash and as the company delivered solid results. The stock fell sharply in March but recovered strongly as the real estate industry quickly became active after the shutdowns. CoStar started off the year strong, riding bullish sentiment in the market, and the stock jumped in February after the company announced that it would acquire RentPath out of bankruptcy for $588 million in cash.