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Rightmove ( (GB:RMV) ) has shared an update.
Rightmove plc has announced the purchase of 232,025 of its own ordinary shares at an average price of 651.961p as part of its ongoing share buy-back programme initiated in 2007. This transaction, executed through UBS AG London Branch, represents a small fraction of the company’s voting rights and is part of Rightmove’s strategy to manage its capital structure, potentially impacting shareholder value positively by reducing the number of shares in circulation.
More about Rightmove
Rightmove plc is a company operating in the real estate industry, primarily focusing on providing an online platform for property listings. It serves as a marketplace for property buyers, sellers, landlords, and renters, facilitating transactions and offering related services.
YTD Price Performance: 15.56%
Average Trading Volume: 2,728,950
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £5.11B
For an in-depth examination of RMV stock, go to TipRanks’ Stock Analysis page.
