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Home / Momentum / Rightmove (RMV.L) 22-11-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Rightmove (RMV.L) 22-11-19

Will shares in Rightmove (RMV.L) continue to rally, setting new recent highs?

 

  • Now trading at 629.8p (at time of writing), the share price performance has been very strong.
  • Will it come to an end, or is this trend your friend?
  • Could this be the ideal opportunity for momentum traders?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Technical traders should be mindful of new events, which can influence price action. Check our website and news outlets for updates.
  • Shares -1% from 12-month highs; +49% from 12 month lows.

Latest News

07:05:  Rightmove announced that Scott Forbes, the chairman,  would retire and be replaced by Andrew Fisher.  Fisher was previously CEO at Shazam, the music recognition technology.

11 Nov:  Rightmove said Robyn Perriss, the finance director,  would leave her role.  Her departure date is still to be confirmed, but would likely be during Q2 next year.

01 Nov:  Shore Capital has downgraded its rating on Rightmove (RMV) to sell (from hold).

18 Sep:  Robyn Perriss, Financial Director, exercised 150,251 shares in the firm on the 17th September 2019. This Director currently has 391,401 shares.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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