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Is RH a Buy Now?

TheMotleyFool

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Is RH a Buy Now?: https://g.foolcdn.com/editorial/images/753441/financial-analyst-working-on-computer-with-multi-monitor-workstation-with-real-time-stocks.jpg

Despite recent volatility, the markets are still up so far this year. The S&P 500 has risen by some 14% in 2023, even with the recent downdraft. But not all stocks have benefited. RH (NYSE: RH), primarily known for selling upscale furniture, has been a laggard. Its share price has dropped by more than 20% since the start of the year.

Does this dip represent a buying opportunity, or is it a sign of larger problems? Let's find out.

Image source: Getty Images.

Source Fool.com

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