Tuesday, 20 October, 2020
It’s no secret that people are buying more furniture as they spend money on their homes that they would have used for entertainment. One company that’s getting a spike from that trend is Herman Miller (MLHR), whose Relative Strength (RS) Rating shot to 84 Tuesday, up from 79 earlier.
The 84 RS Rating means that Herman Miller has outperformed 84% of all stocks over the past year. The maker of office furniture is prospering as workers set up home offices amid the pandemic, and companies upgrade offices as workers return.