Jim Cramer's Stop Trading: Insider Buying Fueling Shares of Restoration Hardware Higher

NEW YORK (TheStreet) -- Shares of Restoration Hardware (RH) are up roughly 3% and were the featured stock on CNBC's "Cramer's Stop Trading" segment. 

TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, attributed the jump in stock price to some recent insider buying. 

Gary Friedman, the CEO, bought $2 million worth of stock Monday. That's a big order and it's always good to see insider buying, Cramer reasoned, adding that the stock has a 27% short interest. 

The company did not delivery a great earnings report for the previous quarter, but a better one looks to be in the cards, he concluded. 


- - Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

At the time of publication, Cramer's Action Alerts PLUS had no position in the company mentioned.

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