CoStar Group stock edges up as CEO buys $2.5M in shares

CoStar Group, Inc. (NASDAQ:CSGP) shares rose slightly after CEO Andrew Florance purchased $2.5 million worth of company stock, acquiring 83,300 shares at $29.89 each. This insider purchase comes despite a 56% year-to-date decline in CoStar's stock price. Florance now owns over 1.8 million shares of the real estate information and analytics company.