Rat and Mouse
Mon
20
Sep
Rightmove share price making right moves

As recently as June, the talk was of Rightmove’s impending decline. Google had just dipped one of its giant toes into the UK property search market, sending a wall of water over the established portals. Even Rightmove’s managing director, Ed Williams, was shedding stock as fast as he could, reportedly selling £8 million of shares (almost half his holding). 'A time to short Rightmove?' pondered more than one analyst. Rightmove’s share price was 664p. Before that, in February, Investors Chronicle had described Rightmove’s business as 'old hat', and marked it 'sell'… at 535p. The punch line? A few days ago, Rightmove shares peaked at 740p on takeover rumours.

Our publisher looks at Rightmove's recently unstoppable share price, in his guest column for Citywire.

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