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0 0 -0.000348385066642758 -0.000258479242992985 0.00116877570744641 -0.000258479242992985 0.000325908610730219 0.000314670382774014
Stock impact report

CoStar (CSGP) Stock Trades Down, Here Is Why [Yahoo! Finance]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Yahoo! Finance
new ad format that placed homes-for-sale listings directly at the top of its search results, sparking investor concern. The test, which appeared in limited markets on mobile devices, positioned the search giant as a potential direct competitor to online property portals. This development threatened a core source of traffic and leads for companies like CoStar, which owns Homes.com, and rival Zillow, whose shares also fell sharply. Investors were concerned because Google's move could bypass the established real estate platforms. Analysts from Goldman Sachs viewed the development as a "long-term risk" for the industry, even though the immediate impact might be limited since much of the traffic to real estate sites is direct. The shares closed the day at $63.75, down 6.6% from previous close. The stock market overreacts to news, and big price drops can present good opportunties to buy high-quality stocks. Is now the time to buy CoStar? Access our full analysis report here CoStar's s Show less Read more
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