Rent The Runway Shares Traded Down Today: What Happened?
Portfolio Pulse from Ryan Gustafson
Rent the Runway (NASDAQ:RENT) shares traded lower after posting Q1 financial results, beating analyst estimates with a loss of 46 cents per share and sales of $74.2 million. Analysts adjusted price targets on the stock, ranging from $3.50 to $6.
June 08, 2023 | 8:04 pm
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Rent the Runway shares traded lower despite beating Q1 estimates, with analysts adjusting price targets between $3.50 and $6.
Rent the Runway shares traded lower after posting better-than-expected Q1 results. Despite beating estimates, the stock price declined, possibly due to market sentiment or other factors. Analysts adjusted price targets, which may have also influenced the stock's performance.
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IMPORTANCE 80
RELEVANCE 100