Why RH Stock Jumped 21% in March
Shares of RH (NYSE: RH), formerly known as Restoration Hardware, gained 21.7% in value last month, according to data provided by S&P Global Market Intelligence.
The luxury home-furnishings retailer reported a strong finish to fiscal 2020, with revenue and adjusted earnings beating Wall Street's expectations. An upbeat outlook and optimism surrounding the company's long-term expansion plans appear to have bolstered investor enthusiasm last month, sending the stock price higher.
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Source Fool.com
