Why RH Stock Was Up 15% in August
Shares of luxury-furniture company RH (NYSE: RH) were up 15% in August, according to data provided by S&P Global Market Intelligence. There's no single event that sparked the stock's rise. But a combination of external factors likely contributed to RH's market-beating monthly returns.
First, the things hurting RH appear to be getting better. Its new gallery, RH Marin, is a good example of this. The 60,000 square foot building opened on July 10, but only some parts. The restaurant portion of the building is still closed, due to local restrictions on dine-in restaurants. But during the worst of the coronavirus shutdown, all of RH was closed. So even being partly open is an improvement.
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Source Fool.com
