Rightmove Continues Share Buy-Back Program

Story Highlights
  • Rightmove operates in the online real estate industry, offering property listings in the UK.
  • Rightmove purchased 165,000 shares as part of its buy-back program, affecting shareholder value.
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Rightmove Continues Share Buy-Back Program

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

Rightmove plc has announced the purchase of 165,000 of its own shares as part of its ongoing share buy-back program. This transaction, executed through UBS AG London Branch, represents 0.0211% of the company’s voting rights and continues Rightmove’s strategy to manage its capital structure, potentially impacting shareholder value and market perception.

More about Rightmove

Rightmove plc operates in the online real estate industry, primarily offering property listings and related services. The company focuses on providing a platform for property buyers, sellers, and real estate professionals in the UK market.

YTD Price Performance: 3.37%

Average Trading Volume: 2,107,112

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: £5.24B

For a thorough assessment of RMV stock, go to TipRanks’ Stock Analysis page.

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