ARHS trade ideas
ARHS: $12.8 Million Pre-Market Dark Pool Block TradeTraders tracking NASDAQ:ARHS take note that a massive $12.8 million dark pool block trade was conducted in the premarket at $10.08 today.
This took place over 3 trades within a couple of minutes, all at this price.
Year to date, this trade is at the volume point of control... is this a bet that Arhaus will be breaking upside? Downside?
Or, is it the completion of an underwritten offering from earlier in August (you can see the price gap) in which the underwriters were granted a 30-day option to buy up to an additional 1.8 million shares?
Time will tell... but it's worth noting that this offering event is nearly complete.
ARHS - Arhaus, Inc.Very nice reaction off of the 9ema this morning. Largest 30-min volume since the gap up on raised revenue guidance.
Started a small position; couldn't justify a full position with the overall market being slightly extended on a short-term basis and showing negative action on the day.
Will look to add over the debut price high of $14 only if the broad market continues its bullish phase. The all-time-high of 14.95 looms overhead, but with the volume & growth on this name, I'd expect it to clear that level as long as the market environment remains favorable.
The FOMC decision and statement on Wednesday will have a major impact on the market environment. Even if I am shaken out of this starter position, I'm keeping this one on my focus list for as long as the environment remains healthy. This has the potential to be a true market leader.
Arhaus Billion-dollar idea less than $10.00Luxury Furniture sales are inflation proof
Arhaus IPO leading the group
8,21,50 EMA started trending back up
ZERO Debt
$125 million Cash
sales over $1 billion 2022
Q1 2022 all around better EPS than expected, guidance suggests more upside surprises on the way
stock trading less than 10
price target $26.00
Richards Financial
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