CoStar Set to Drop from Nasdaq-100 Monday: What’s Next for CSGP Holders
CoStar Group is set to drop out of the Nasdaq-100 before Monday’s open. The real estate data and marketplace firm closed out Friday on firmer ground, but its index fate is less steady. The Nasdaq-100 is more than a name now. Nasdaq says the index tracks 100 of the biggest Nasdaq-listed non-financial firms, and over 200 products with more than $600 billion linked to it. Funds that follow the index could change their positions if a stock gets dropped. Lumentum Holdings will step in for CoStar, according to Nasdaq.