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RH (RH) traded on unusually high volume on Sep. 12, as the stock gained 5.42% to close at $130.85. On the day, RH saw 1.89 million shares trade hands on 19,360 trades. Considering that the stock averages only a daily volume of 1.17 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.
The stock has traded between $164.49 and $67.72 over the last 52-weeks, its 50-day SMA is now $141.73, and its 200-day SMA $109.36. RH has a P/B ratio of 19.92. It also has a P/E ratio of 26.4.
RH, formerly Restoration Hardware Holdings Inc is a luxury brand in the home furnishings marketplace offering furniture, lighting, textiles, outdoor and garden products. It offers collections through its retail galleries, source books and websites.
Headquartered in Corte Madera, CA, RH has 5,200 employees and is currently under the leadership of CEO Gary G. Friedman.
For a complete fundamental analysis analysis of RH, check out Equities.com’s Stock Valuation Analysis report for RH.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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