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Updated · MarketWatch · May 8Rightmove shares fall 1.33% in weak London market
7 articles · Updated · MarketWatch · May 8
- The stock closed at £4.22 on Friday as the FTSE 100 dropped 0.43% to 10,233.07.
- Rightmove underperformed the broader market and finished 48.92% below its 52-week high of £8.27 reached on 7 August.
- Trading volume was 2.5 million shares, well below the stock's 50-day average of 4.6 million, indicating relatively light activity during the sell-off.
Why is Rightmove's stock plummeting despite record profits and a near-monopoly on the UK property market? As insiders buy into the crash, has the market wrongly condemned the UK's top property site as an 'AI loser'?