This Former Buffett Stock Is 1 of the Biggest Losers of the Market Rout, Plunging 40% in 1 Day
RH is now 78% off of its all-time high.
The market has been swinging wildly in the aftermath of President Trump's "Liberation Day" tariffs announcement. Investors are struggling to predict the consequences of a such a combative trade policy.
While many stocks have been moving in line with the market's ups and downs, others have remained fairly steady. Then, there are the stocks that have been completely crushed, including former Warren Buffett stock RH (NYSE: RH). Buffett sold his entire position in the company back in Q1 2023, but since that quarter, the luxury home furnishings retailer managed to rise over 80% to trade around $450 per share earlier this year.
Following weeks of steady declines and a 40% one-day loss on April 3, the stock trades below $150 as of this writing.