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Why RH Stock Jumped 32% in July

·2-min read
Why RH Stock Jumped 32% in July

Shares of RH (NYSE: RH), the high-end home furnishings company formerly known as Restoration Hardware, were surging last month after the stock rebounded from a sell-off following a guidance cut in late June. A bullish analyst note from Citigroup also seemed to give the stock a boost, as did the broader market's rebound. Since RH is a discrectionary retailer, the stock is highly sensitive to the macroeconomic environment.