In a filing, Arhaus Inc revealed its Chief Information Officer Nachiappan Venkatachalam unloaded Company’s shares for reported $0.1 million on Jul 24 ’24. In the deal valued at $16.11 per share,6,460 shares were sold. As a result of this transaction, Nachiappan Venkatachalam now holds 36,736 shares worth roughly $0.39 million.
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Then, Phillipson Dawn sold 150,000 shares, generating $2,844,885 in total proceeds. Upon selling the shares at $18.97, the Chief Financial Officer now owns 499,555 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 $0.72 million.
Stifel initiated its Arhaus Inc [ARHS] rating to a Buy in a research note published on July 09, 2024; the price target was $19.50. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early July from “a Buy” to “a Hold”. Telsey Advisory Group also remained covering ARHS and reiterated its “an Outperform” recommendation on May 10, 2024. Telsey Advisory Group maintained its rating on March 08, 2024. It rated ARHS as “an Outperform”.
Price Performance Review of ARHS
On Monday, Arhaus Inc [NASDAQ:ARHS] saw its stock fall -2.59% to $10.54. Over the last five days, the stock has lost -14.38%. Arhaus Inc shares have fallen nearly -7.96% since the year began. Nevertheless, the stocks have risen 20.26% 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 08/08/24. SMA at 50 days reached $12.35, while 200 days put it at $14.03.
Levels Of Support And Resistance For ARHS Stock
The 24-hour chart illustrates a support level at 10.35, which if violated will result in even more drops to 10.17. On the upside, there is a resistance level at 10.71. A further resistance level may holdings at 10.89. The Relative Strength Index (RSI) on the 14-day chart is 34.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.74%. Stochastics %K at 12.17% indicates the stock is a buying.
How much short interest is there in Arhaus Inc?
A steep rise in short interest was recorded in Arhaus Inc stocks on 2024-09-13, dropping by -1.99 million shares to a total of 6.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 8.45 million shares. There was a decline of -30.74%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 01, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $15.
