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When a FTSE 100 stock takes a beating, I always pay attention. That applies whether I hold it, or whether I don’t.
My first thought is the obvious one — what just happened? Then my investor brain kicks in and I ask myself: is this an opportunity to buy at a lower price? At The Motley Fool, we like to buy good companies when they’re out of favour, with the aim of picking up a bargain. We can potentially get in at a lower valuation and maybe grab a higher yield as a result. When a company’s share price falls, the yield automatically rises. It’s just maths.
Rightmove share price plunge
So when I saw shares in property portal Rightmove plc (LSE: RMV) crash 27% on Friday morning (7 November), I sat up. Nearly £1.4bn was wiped off its value as investors fretted over plans to invest heavily in artificial intelligence. Rightmove said it was “accelerating technology…
