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Why CoStar Group Stock Just Popped 10%

TheMotleyFool

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Shares of commercial real estate data and analytics company CoStar Group (NASDAQ: CSGP) got a big lift this morning, rising more than 10% in early trading. The stock was still up about 9.6% as of 11:35 a.m. EST on Wednesday.

The reason: CoStar announced Tuesday evening that it will purchase RentPath, an operator of rental property websites, out of Chapter 11 bankruptcy.

Image source: Getty Images.

Source Fool.com

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