RH’s recent filing unveils that its Director DEMILIO MARK S unloaded Company’s shares for reported $0.68 million on Sep 18 ’24. In the deal valued at $340.30 per share,2,000 shares were sold. As a result of this transaction, DEMILIO MARK S now holds 10,914 shares worth roughly $3.57 million.
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Then, DEMILIO MARK S sold 1,000 shares, generating $345,000 in total proceeds. Upon selling the shares at $345.00, the Director now owns 9,914 shares.
Before that, Duban Stefan sold 4,285 shares. RH shares valued at $1,484,185 were divested by the insider at a price of $346.37 per share. As a result of the transaction, Duban Stefan now holds 78 shares, worth roughly $25521.6.
Stifel initiated its RH [RH] rating to a Buy in a research note published on July 09, 2024; the price target was $315. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early June has reiterated a ‘”a Market perform”‘ rating for it. Telsey Advisory Group also remained covering RH and reiterated its “Market perform” recommendation on March 28, 2024. Telsey Advisory Group maintained its rating on December 08, 2023. It rated RH as “a Market perform”.
Price Performance Review of RH
On Monday, RH [NYSE:RH] saw its stock fall -1.69% to $327.20. Over the last five days, the stock has lost -2.16%. RH shares have risen nearly 12.25% since the year began. Nevertheless, the stocks have risen 36.23% over the past one year. While a 52-week high of $354.86 was reached on 03/28/24, a 52-week low of $207.26 was recorded on 06/25/24. SMA at 50 days reached $286.65, while 200 days put it at $272.90.
Levels Of Support And Resistance For RH Stock
The 24-hour chart illustrates a support level at 320.99, which if violated will result in even more drops to 314.78. On the upside, there is a resistance level at 332.82. A further resistance level may holdings at 338.44. The Relative Strength Index (RSI) on the 14-day chart is 59.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.25%. Stochastics %K at 32.04% indicates the stock is a holding.
How much short interest is there in RH?
A steep rise in short interest was recorded in RH stocks on 2024-09-13, dropping by -0.16 million shares to a total of 1.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.05 million shares. There was a decline of -8.58%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 05, 2023 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $325.
