Rightmove sees record high shares while Purplebricks' price falls

Recent reports show that shares in Purplebricks have fallen to a new low while Countrywide has also seen the same kind of dip again.

In contrast, Rightmove shares edged up to a new record high.

A year ago, Purplebricks shares were climbing towards a high of 404p which they hit on May 22.

Since then, they have been falling steadily, and then at one stage went as low as 116p, ending at 119p.

The highest the stock has traded was in July 2017 when the shares hit 513p.

Purplebricks floated on the London Stock Exchange at £1 in late December 2015, falling to 73p the following month, before their meteoric rise.

The recent share price was the lowest since that upward trajectory briefly halted in December 2016, slipping to about 104p.

Purplebricks’ slump comes after the company admitted falling behind in Australia and the US.

Rightmove meanwhile enjoyed a record day on the stock market, with shares edging up some 1% to end at around 548p, at one stage going up to 551p.

It found its new happy after the shares started this year at around 438p.

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