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Why RH Stock Fell 19% in March

TheMotleyFool

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Why RH Stock Fell 19% in MarchPhoto, wide shot, wide-angle lens, Retail store, neutral atmosphere, photo by Joe Cornish: https://img.theapi.app/temp/5574eb69-dc38-42f3-aadd-6163ac8bd4a8.png

Shares of RH (NYSE: RH), the company formerly known as Restoration Hardware, took a dive in March as the high-end home furnishings retailer issued a disappointing fourth-quarter report, and fell in the beginning of the month on a broader sell-off in growth stocks.

According to data from S&P Global Market Intelligence, the stock finished the month down 19%. As you can see from the chart below, the stock dove in the first week of March and then again at the end of the month after its earnings report came out.