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An announcement from Rightmove ( (GB:RMV) ) is now available.
Rightmove plc has executed a share buy-back transaction, purchasing 225,000 of its ordinary shares at an average price of 676.718p per share. This buy-back is part of an ongoing program that began in December 2007, with the goal of reducing the total number of shares in issue and supporting the company’s stock price. The latest transaction accounts for 0.0287% of the voting rights of the company’s total ordinary shares. The purchased shares will be canceled, which may impact the company’s market position by potentially enhancing shareholder value.
More about Rightmove
Rightmove plc operates in the online real estate industry, primarily offering property listing services for buyers, sellers, and renters in the UK. It provides a platform for real estate agents, developers, and homeowners to advertise properties and connect with potential clients.
YTD Price Performance: 20.47%
Average Trading Volume: 2,696,683
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £5.33B
Find detailed analytics on RMV stock on TipRanks’ Stock Analysis page.
