Previous close | 207.00 |
Open | N/A |
Bid | 125.90 |
Ask | 129.40 |
Strike | 155.00 |
Expiry date | 2026-01-16 |
Day's range | 207.00 - 207.00 |
Contract range | N/A |
Volume | |
Open interest | 2 |
Following this transaction, the insider now owns 3,351,337 shares of RH. RH, formerly known as Restoration Hardware, is a luxury brand in the home furnishings marketplace offering furniture, lighting, textiles, bathware, decor, outdoor and garden, as well as baby and child products. This purchase reflects a significant investment by the insider in the company.
Shares of luxury furniture retailer RH (NYSE:RH) jumped 8.9% in the morning session after CEO Gary Friedman bought more than $10 million of the company's shares at an average of $216.10 per share. The recent purchase put his ownership at a little above a quarter of all the company's outstanding shares. The CEO's purchase of RH stock can be considered a bullish signal, as it demonstrates increased confidence in the company's future. It could also indicate that the CEO thinks shares are undervalue
CORTE MADERA, Calif., June 27, 2024--RH announced today that Chairman & CEO Gary Friedman completed the purchase of $10 million of RH stock at an average price per share of $216.10 representing 46,274 shares.