12:20 PM EDT, 06/27/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and first paragraph.)

RH (RH) shares rose 6.8% in recent Thursday trading after Chief Executive Officer Gary Friedman purchased 46,274 company shares for $10 million.

Friedman now owns more than 5.05 million shares, or a 25.1% stake in the company, RH said Thursday.

Price: 234.14, Change: +14.96, Percent Change: +6.83