Streetbeat News

RENT

Rent the Runway, Inc.

https://www.renttherunway.com

Industry

Apparel - Retail

Rent the Runway, Inc. rents designer wear for women through its stores and online retail. The company offers ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, ski wear, home goods, evening wear, and kids wear, as well as accessories. It also engages in the software development and support activities. The company was incorporated in 2009 and is headquartered in Brooklyn, New York.

Open

9.65

Mkt cap

36M

Volume

46K

High

9.70

P/E Ratio

-0.38

52-wk high

41.81

Low

9.12

Div yield

N/A

52-wk low

4.46

Shares of Rent the Runway were halted due to a circuit breaker after surging 37.7% to the upside, indicating a significant increase in stock price.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 2:02 pm

Rent The Runway shares have resumed trading, indicating a potential shift in market dynamics for the company.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 1:40 pm

Shares of Rent The Runway were halted due to a circuit breaker triggered by a rapid increase, with the stock up 15.3%.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 1:36 pm

In Friday's pre-market session, 11 consumer discretionary stocks showed significant movement. Coupang, Traeger, Digital Brands Group, Kaival Brands Innovations, and MGO Global were among the gainers, with Coupang leading at a 10.4% increase. On the downside, MOGU, Rent the Runway, Helen Of Troy, Interactive Strength, XPeng, and Jianzhi Education Tech faced declines, with MOGU experiencing the largest drop of 10.4%.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 12:10 pm

NextPlat Corp (NASDAQ:NXPL) shares surged approximately 30% in pre-market trading after announcing a 222% year-over-year increase in consolidated 2023 revenues, reaching $37.8 million. Other stocks also showed significant movement in pre-market trading, with notable gainers including Allarity Therapeutics, PaxMedica, OncoCyte Corporation, and Zapata Computing Holdings, among others. Conversely, several stocks experienced declines, such as Motus GI Holdings, Rent the Runway, and Kazia Therapeutics, driven by various company-specific news and market reactions.

Portfolio Pulse from Avi Kapoor

April 12, 2024 | 9:32 am

Nasdaq surged 250 points as U.S. stocks traded higher, with significant gains in information technology shares. Constellation Brands Inc reported better-than-expected Q4 earnings, leading to a positive market response. Rallybio Corporation, Eliem Therapeutics, and Rent the Runway saw substantial stock price increases due to strategic collaborations and financial results. Conversely, Aptevo Therapeutics, Enlivex Therapeutics, and AVITA Medical experienced significant drops following public offering pricing, trial results, and revenue update announcements.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 7:21 pm

Fastenal Company's shares dropped by around 7% due to disappointing Q1 FY24 financial results, with sales and EPS missing consensus estimates. Other stocks experienced significant movements, with Rallybio Corporation, Rent the Runway, and Eliem Therapeutics among the top gainers, while Aptevo Therapeutics, Enlivex Therapeutics, and AVITA Medical led the losers.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 5:33 pm

JMP Securities analyst Andrew Boone maintains a Market Outperform rating on Rent the Runway (NASDAQ:RENT) but lowers the price target from $40 to $20.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 4:10 pm

U.S. stocks showed mixed performance with the Dow Jones falling by 100 points and NASDAQ rising. CarMax Inc reported lower than expected Q4 earnings, with a sales decline and EPS below estimates. Rallybio Corporation, Eliem Therapeutics, and Rent the Runway saw significant stock increases due to collaboration news and financial results. Conversely, Aptevo Therapeutics, Enlivex Therapeutics, and AVITA Medical experienced substantial drops in their stock prices due to public offering pricing, trial results, and revenue updates respectively.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 3:55 pm

Rent The Runway shares have resumed trading, indicating a potential shift in market dynamics or response to a recent event affecting the company.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 2:35 pm

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