CSGP is trading at $46.20 (-3.48%) as activist investors Third Point and D.E. Shaw demand a strategic pivot away from the company's $5B Homes.com investment.
- Activists are pushing for a board overhaul and a return to commercial real estate focus, labeling the residential expansion as poorly executed despite a $1.5B share buyback response.
- The stock hit a new 52-week low, significantly underperforming the Nasdaq's -0.90% decline amid a multi-week downtrend fueled by weak sales and analyst downgrades.