RH Makes New All-Time High After Raised Guidance, Double Upgrade

RH RH shares are trading higher by $22.00, or 26 percent, at $105.30 in Thursday's session. The catalyst for the rally is strong FY 2017 net income and sales guidance.

See Also: RH Shares Higher On Impressive Guidance, Citigroup Upgrade

After a higher open, RH had a $4.00 retreat to $96.28 before resuming its move higher. It has continued to make new highs for the session with the current one standing at $105.99 going into the closing bell. Its former all-time high was made in October 2015 at $103.99.