Why RH Stock Soared Over 20% Today
RHRH(RH) The Motley Fool·2024-09-13 23:42

RH stock spikes as it finally realizes the inflection point in demand it had been predicting. Consumers may be struggling on some levels, but it looks like they're not cutting back on luxury furniture. RH (RH 24.22%), formerly known as Restoration Hardware, just reported its fiscal second-quarter results that indicated demand is strong and accelerating. That report has the stock soaring Friday morning. Shares were up by 22.8% as of 11:15 a.m. ET, and that brought the stock's return positive for the year. RH ...