The latest update is out from Rightmove ( (GB:RMV) ).
Rightmove plc has executed a share buy-back program, purchasing 165,000 of its ordinary shares at an average price of 680.671p per share. This transaction represents 0.0211% of the voting rights of the company’s total ordinary shares and continues Rightmove’s long-standing buy-back strategy, which has seen the company repurchase over 525 million shares since 2007. The purchased shares will be canceled, reducing the total number of shares in circulation, which can potentially enhance shareholder value by increasing earnings per share.
More about Rightmove
Rightmove plc operates in the real estate industry, primarily offering an online property portal service that connects buyers, sellers, and renters with property listings. The company focuses on the UK market, providing a platform for real estate agents and developers to advertise properties to a wide audience.
YTD Price Performance: 6.98%
Average Trading Volume: 2,052,170
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £5.32B
Learn more about RMV stock on TipRanks’ Stock Analysis page.