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Analyzing Arhaus Inc (ARHS) After Recent Trading Activity

In a filing, Arhaus Inc revealed its Chief Financial Officer Phillipson Dawn unloaded Company’s shares for reported $2.84 million on Jun 10 ’24. In the deal valued at $18.97 per share,150,000 shares were sold. As a result of this transaction, Phillipson Dawn now holds 499,555 shares worth roughly $7.89 million.

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Then, Chi Lisa sold 500 shares, generating $9,750 in total proceeds. Upon selling the shares at $19.50, the Chief Merchandising Officer now owns 68,285 shares.

Before that, Chi Lisa sold 1,500 shares. Arhaus Inc shares valued at $28,710 were divested by the Chief Merchandising Officer at a price of $19.14 per share. As a result of the transaction, Chi Lisa now holds 68,785 shares, worth roughly $1.09 million.

Telsey Advisory Group reiterated its Arhaus Inc [ARHS] rating to an Outperform in a research note published on May 10, 2024; the price target was $18. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early March has reiterated a ‘”an Outperform”‘ rating for it. Telsey Advisory Group also remained covering ARHS and reiterated its “an Outperform” recommendation on March 01, 2024. Craig Hallum started covering the stock on June 27, 2023. It rated ARHS as “a Buy”.

Price Performance Review of ARHS

On Friday, Arhaus Inc [NASDAQ:ARHS] saw its stock fall -0.63% to $15.80. Over the last five days, the stock has lost -7.06%. Arhaus Inc shares have risen nearly 37.98% since the year began. Nevertheless, the stocks have risen 58.74% over the past one year. While a 52-week high of $19.81 was reached on 06/07/24, a 52-week low of $7.31 was recorded on 01/11/24. SMA at 50 days reached $16.52, while 200 days put it at $12.73. A total of 0.72 million shares were traded, compared to the trading of 0.71 million shares in the previous session.

Levels Of Support And Resistance For ARHS Stock

The 24-hour chart illustrates a support level at 15.64, which if violated will result in even more drops to 15.48. On the upside, there is a resistance level at 15.98. A further resistance level may holdings at 16.16. The Relative Strength Index (RSI) on the 14-day chart is 36.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.87%. Stochastics%K at 13.33% indicates the stock is a buying.

The most recent change occurred on April 05, 2023 when TD Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $11 price target.

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