Move Inc Stock: On The Tear, Hits A New Peak

Move Inc (MOVE), the operator of online real estate information portal, seems to be on a tear. The US real estate industry has been on a rise this year and the stocks of online real estate portals have followed suit. Trulia (TRLA) and Zillow (Z) have seen a huge gain this year and keeping the trend going, the Move Inc stock, which has been red hot, has gained a whopping 98.41% since January 2013. The Move Inc stock hit a new peak yesterday touching an intra-day high of $15.22 before closing the day at $14.96 to record its highest closing price in over 5 years. One fact which will be of interest to investors is that while earnings have more or less been stagnant over the last one year, Move Inc stock price has nearly tripled resulting in a P/E ratio that has increased steeply over the last one year. The company hasn’t been able to consistently deliver profits and with a P/E ratio of over 160 the Move Inc stock isn't a stock we would ‘move’ our money into.

Move Inc stock Vs Trulia stock Vs Zillow stock

Zillow stock Vs Trulia stock Vs Move Inc stock
Source: Move Inc stock chart by Amigobulls

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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