Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. RH shares valued at $288,993 were sold by DEMILIO MARK S on Apr 09 ’24. At $288.99 per share, DEMILIO MARK S sold 1,000 shares. The insider’s holdings dropped to 11,991 shares worth approximately $2.94 million following the completion of this transaction.
Also, DEMILIO MARK S sold 2,000 shares, netting a total of over 616,440 in proceeds. Following the sale of shares at $308.22 each, the insider now holds 12,991 shares.
Before that, Lee Edward T had sold 2,624 shares from its account. In a trade valued at $694,058, the insider traded RH shares for $264.50 each. Upon closing the transaction, the insider’s holdings decreased to 2,624 shares, worth approximately $0.0.
As published in a research note from Telsey Advisory Group on March 28, 2024, RH [RH] has been retained to a Market perform and the price target has been revised to $335. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in early December. As of December 05, 2023, Telsey Advisory Group has reiterated its “Market perform” rating for RH. Earlier on June 29, 2023, Loop Capital downgraded its rating. Their new recommendation was “a Hold” for RH stock which previously was a “a Buy”.
Analyzing RH Stock Performance
During the last five days, there has been a drop of approximately -8.16%. Over the course of the year, RH shares have dropped approximately -15.85%. Shares of the company reached a 52-week high of $354.86 on 03/28/24 and a 52-week low of $239.48 on 04/16/24. A 50-day SMA is recorded $276.67, while a 200-day SMA reached $291.50. Nevertheless, trading volume fell to 0.53 million shares from 1.14 million shares the previous day.
Support And Resistance Levels for RH (RH)
According to the 24-hour chart, there is a support level at 241.81, which, if violated, would cause prices to drop to 238.32. In the upper region, resistance lies at 249.01. The next price resistance is at 252.72. RSI (Relative Strength Index) is 38.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -29.92, which suggests the price will decrease in the coming days. Percent R is at 94.77%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
