Press release
Investigation announced for Investors who lost money with shares of RH (NYSE: RH)
An investigation for investors in RH (NYSE: RH) shares over potential securities laws violations by RH was announced.
Investors who purchased shares of RH (NYSE: RH), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of RH (NYSE: RH) concerning whether a series of statements by RH regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On June 13, 2024, Cortae Madera, CA based RH reported its financial results for the first quarter ended May 4, 2024. Among other items, RH reported revenue of $727 million, down 1.7% from the same period in the prior year, and a net loss of $0.20 per share, down from a profit of $1.90 per share for the same period in the prior year. In response to RH's results, Wedbush dropped its price target by 22% and kept its Neutral rating, citing in part RH's overly optimistic guidance.
Shares of RH (NYSE: RH) declined from $381.70 per share on September 01, 2023, to $220.25 per share on June 18, 2024.
Those who purchased shares of RH (NYSE: RH) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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