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Stock impact report

Why CoStar Group Stock Topped the Market Today [Yahoo! Finance]

CoStar Group, Inc. (CSGP) 
Last costar group, inc. earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: costargroup.com/investors/stock-info
Company Research Source: Yahoo! Finance
On news that an activist investor is trying to influence company governance, investors bid the stock up by 0.6% on the day. This edged past the S&P 500 index's 0.4% gain. That activist is hedge fund Third Point, headed by well-known veteran investor Daniel Loeb. On Tuesday morning, the firm sent a letter to CoStar's board of directors, urging major changes at the company. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » In a letter made public by Third Point, the hedge fund's management said it will propose several new directors to the board. It also said CoStar should take "immediate action" to improve its operations, including considering strategic alternatives for Homes.com and its associated residential real estate businesses. Third Point pointed the finger of blame squarely at CoStar's current leadership. It sharply criticized "the weak board oversigh Show less Read more
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