Here's What's Driving the Massive Sell-Off in RH Stock Today
The stock market is taking a hit today. Most sectors are in the red. The S&P 500 (SNPINDEX: ^GSPC) shed more than 4% by late morning.But shares of luxury home furnishings company RH (NYSE: RH) are getting crushed. The company reported fourth-quarter earnings last night, but that's not the only thing driving the sell-off.RH stock was down an astounding 44.1% as of 10:43 a.m. ET. Here's why.Continue reading
The stock market is taking a hit today. Most sectors are in the red. The S&P 500 (SNPINDEX: ^GSPC) shed more than 4% by late morning.
But shares of luxury home furnishings company RH (NYSE: RH) are getting crushed. The company reported fourth-quarter earnings last night, but that's not the only thing driving the sell-off.
RH stock was down an astounding 44.1% as of 10:43 a.m. ET. Here's why.
