Rightmove ( (GB:RMV) ) has provided an update.
Rightmove plc announced the purchase of 165,000 of its ordinary shares as part of its ongoing share buy-back program. This transaction represents 0.0211% of the voting rights of the total ordinary shares in issue before the purchase. The shares were acquired at a volume-weighted average price of 698.121p and will be cancelled, reducing the total number of ordinary shares in issue to 781,467,662. This move is part of a long-term strategy initiated in 2007, aimed at enhancing shareholder value.
More about Rightmove
Rightmove plc operates in the real estate industry, primarily offering an online property portal that connects buyers, sellers, landlords, and tenants. The company focuses on providing a platform for property listings and related services, catering to the UK market.
YTD Price Performance: 7.63%
Average Trading Volume: 1,937,583
Technical Sentiment Signal: Sell
Current Market Cap: £5.33B
For an in-depth examination of RMV stock, go to TipRanks’ Stock Analysis page.