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Rightmove CFO Exercises Share Options

Story Highlights
  • Rightmove’s CFO exercised options from share plans, selling shares to cover taxes.
  • The transactions highlight Rightmove’s management of executive compensation and shareholding.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Rightmove CFO Exercises Share Options

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Rightmove ( (GB:RMV) ) has shared an update.

Rightmove plc announced that its Chief Financial Officer, Ruaridh Hook, exercised options from a Deferred Share Bonus Plan and a Restricted Share Plan. The transactions involved the sale of some shares to cover tax liabilities, resulting in Hook holding a beneficial shareholding of 12,282 shares. This activity reflects the company’s ongoing management of executive compensation and shareholding structures, potentially impacting the perception of its financial governance among stakeholders.

The most recent analyst rating on (GB:RMV) stock is a Sell with a £5.55 price target. To see the full list of analyst forecasts on Rightmove stock, see the GB:RMV Stock Forecast page.

Spark’s Take on GB:RMV Stock

According to Spark, TipRanks’ AI Analyst, GB:RMV is a Neutral.

Rightmove’s overall stock score reflects strong financial performance and effective corporate strategies like share buy-backs enhancing shareholder value. However, high P/E ratio and recent sell ratings by analysts indicate cautious optimism. Technical indicators show moderate strength, supporting the overall score.

To see Spark’s full report on GB:RMV stock, click here.

More about Rightmove

Rightmove plc operates in the real estate industry, primarily offering an online property portal that connects property buyers, sellers, landlords, and tenants. The company focuses on providing comprehensive property listings and related services to the UK market.

Average Trading Volume: 1,862,327

Technical Sentiment Signal: Buy

Current Market Cap: £6.08B

See more data about RMV stock on TipRanks’ Stock Analysis page.

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