Furniture Stock Soars as Demand Ramps Up
RHRH(RH) Schaeffers Investment Research·2024-09-13 23:27

Shares of RH (NYSE:RH), formerly known as Restoration Hardware, are soaring today, up 19.2% at $305.72 at last glance, after the company's better-than-expected second-quarter earnings and revenue. According to the equity, demand for the furniture retailer's products rose 7% in the quarter, with CEO Gary Friedman how wellpositioned it is for a housing-market rebound. On the charts, RH is gapping to its highest levels since April as it heads for its largest single-day percentage gain since Sept. 2020. Today's ...