In a filing, RH revealed its insider Lee Edward T unloaded Company’s shares for reported $0.71 million on Oct 18 ’24. In the deal valued at $353.57 per share,2,000 shares were sold. As a result of this transaction, Lee Edward T now holds 0 shares worth roughly $0.0.
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Then, DEMILIO MARK S sold 2,000 shares, generating $680,599 in total proceeds. Upon selling the shares at $340.30, the Director now owns 10,914 shares.
Before that, DEMILIO MARK S sold 1,000 shares. RH shares valued at $345,000 were divested by the Director at a price of $345.00 per share. As a result of the transaction, DEMILIO MARK S now holds 9,914 shares, worth roughly $3.09 million.
Wedbush upgraded its RH [RH] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating. Telsey Advisory Group also remained covering RH and reiterated its “Market perform” recommendation on June 06, 2024. Telsey Advisory Group maintained its rating on March 28, 2024. It rated RH as “a Market perform”.
Price Performance Review of RH
On Tuesday, RH [NYSE:RH] saw its stock fall -3.83% to $311.90. Over the last five days, the stock has lost -7.45%. RH shares have risen nearly 7.01% since the year began. Nevertheless, the stocks have risen 46.34% over the past one year. While a 52-week high of $367.00 was reached on 10/21/24, a 52-week low of $207.26 was recorded on 06/25/24. SMA at 50 days reached $308.29, while 200 days put it at $276.65.
Levels Of Support And Resistance For RH Stock
The 24-hour chart illustrates a support level at 308.71, which if violated will result in even more drops to 305.51. On the upside, there is a resistance level at 317.91. A further resistance level may holdings at 323.92. The Relative Strength Index (RSI) on the 14-day chart is 41.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.63%. Stochastics %K at 21.22% 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 2024-10-15, dropping by -0.18 million shares to a total of 1.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.88 million shares. There was a decline of -10.8%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 08, 2023 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $285.
