RH Chairman & CEO Gary Friedman Buys $10M Of RH Stock At Average Price Per Share Of $216.10 Representing 46,274 Shares
Portfolio Pulse from Benzinga Newsdesk
RH Chairman & CEO Gary Friedman has purchased $10M worth of RH stock, increasing his beneficial ownership to 25.1% of the outstanding shares. This move could signal confidence in the company's future performance.
June 27, 2024 | 10:02 am
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Gary Friedman, Chairman & CEO of RH, has purchased $10M worth of RH stock at an average price of $216.10 per share. This increases his beneficial ownership to 25.1% of the outstanding shares.
The purchase of a significant amount of stock by the CEO often signals confidence in the company's future performance. This could positively influence investor sentiment and potentially drive the stock price up in the short term.
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RELEVANCE 100