Monday, 11 August 2008

Rightmove share price

I know we have some city analysts on board so perhaps someone can explain what is going on with the rightmove stock. It has steadily decreased for the past 12 months from highs of £6.30 in 2007 down to £2.20 odd the other week and then miraculously it has jumped back up by over 55% this month to £3.44 today. I say miraculously for as far as I can tell there was no news, no announcement, so what happened? It certainly isn't down to positive news from estate agents and/or the housing market.


Image - from the FT

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