Is RH (RH) Stock About to Get Hot Wednesday?

Overall market sentiment has been down on RH (RH) stock lately. RH receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

RH has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on RH!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With RH Stock Today?

RH (RH) stock is trading at $294.32 as of 2:38 PM on Wednesday, Mar 27, a rise of $8.04, or 2.81% from the previous closing price of $286.28. The stock has traded between $289.01 and $300.97 so far today. Volume today is high. So far 859,468 shares have traded compared to average volume of 514,017 shares.

More About RH

RH is a luxury retailer operating in the $118 billion domestic furniture and home furnishing industry. The firm offers merchandise across many categories including furniture, lighting, textiles, bath, decor, children, and is growing the presence of its hospitality business (with 14 restaurant locations). RH innovates, curates, and integrates products, categories, services, and businesses across channels and brand extensions (RH Teen, RH Modern, and Waterworks, for example). RH is fully integrated across store, Web, and catalog channels, and is positioned to broaden its total addressable market over the next decade with its World of RH digital platform (highlighting offerings outside of home furnishings), along with future offerings in contemporary, antique, bespoke furniture, and more. Click Here to get the full Stock Report for RH stock.