Rightmove ( (GB:RMV) ) has provided an update.
Rightmove plc announced the purchase of 160,000 of its own shares as part of its ongoing share buy-back program, with the shares acquired at an average price of 692.432p. This transaction represents 0.0205% of the company’s voting rights and continues Rightmove’s strategy to manage its capital structure and return value to shareholders, a program that has been in place since 2007.
More about Rightmove
Rightmove plc operates in the real estate industry, primarily providing an online platform for property listings and related services. The company focuses on connecting property buyers, sellers, and renters with real estate agents and developers across the UK.
YTD Price Performance: 7.57%
Average Trading Volume: 1,973,251
Technical Sentiment Signal: Strong Sell
Current Market Cap: £5.36B
For an in-depth examination of RMV stock, go to TipRanks’ Stock Analysis page.