RH's Transformation Pay Off Will Accelerate with Rate Cuts
RH(RH) MarketBeat·2024-09-16 20:48
Formerly known as Restoration Hardware, RH NYSE: RH is a high-end home furnishings retailer offering curated collections of luxury furniture, decor, bathware and textiles. Its stock surged 25% following its second-quarter 2024 earnings release. The reaction didn't stem from a blowout earnings report but was rather a relief reaction that the worst may be over, and growth is returning to the company, further fueled by a healthy 13.03% short interest. Get RH alerts: The Tea Leaves Braced Investors for the Wors ...