Arhaus Inc’s filing revealed that 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 $0.4 million.
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 $0.75 million.
Telsey Advisory Group downgraded its Arhaus Inc [ARHS] rating to a Market perform from a an Outperform in a research note published on November 08, 2024; the price target was decreased to $11 from $12. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Neutral”. Craig Hallum also remained covering ARHS and has decreased its forecast on October 15, 2024 with a “Hold” recommendation from previously “Buy” rating. Wedbush started covering the stock on October 11, 2024. It rated ARHS as “a Neutral”.
Price Performance Review of ARHS
On Tuesday, Arhaus Inc [NASDAQ:ARHS] saw its stock jump 0.74% to $10.94. Over the last five days, the stock has gained 12.21%. Arhaus Inc shares have risen nearly 16.38% since the year began. Nevertheless, the stocks have risen 5.31% over the past one year. While a 52-week high of $19.81 was reached on 01/10/25, a 52-week low of $8.30 was recorded on 01/03/25. SMA at 50 days reached $9.84, while 200 days put it at $13.04.
Levels Of Support And Resistance For ARHS Stock
The 24-hour chart illustrates a support level at 10.74, which if violated will result in even more drops to 10.53. On the upside, there is a resistance level at 11.16. A further resistance level may holdings at 11.37. The Relative Strength Index (RSI) on the 14-day chart is 63.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.41%. Stochastics %K at 83.65% indicates the stock is a selling.
How much short interest is there in Arhaus Inc?
A steep rise in short interest was recorded in Arhaus Inc stocks on 2024-12-31, growing by 1.3 million shares to a total of 7.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 6.4 million shares. There was a rise of 16.91%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 09, 2024 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $19.50 price target.
