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

Wells Fargo analyst Ike Boruchow has downgraded Rent the Runway (NASDAQ:RENT) from Overweight to Equal-Weight and set a new price target of $0.6. This reflects a more cautious stance on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 12:10 pm

Goldman Sachs analyst Eric Sheridan has maintained a Buy rating on Rent the Runway (NASDAQ:RENT) but has reduced the price target from $3.5 to $2.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:36 pm

In Wednesday's intraday session, several consumer discretionary stocks experienced significant movements. E-Home Household Service (EJH) led the gainers with a 24.5% increase, while U Power (UCAR) headed the losers with an 11.2% decline. Other notable gainers included MGO Global (MGOL), Yunji (YJ), Digital Brands Group (DBGI), Rent the Runway (RENT), and Vince Holding (VNCE). Among the losers were Lottery.com (LTRY), Mynd.ai (MYND), Uxin (UXIN), Luminar Technologies (LAZR), and Cazoo Group (CZOO).

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 5:31 pm

Rent the Runway (RENT) shares are trading higher following the announcement of a workforce reduction and restructuring plan aimed at reducing costs and improving operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:09 pm

During Tuesday's intraday session, several consumer discretionary stocks experienced significant movements. BT Brands, Rent the Runway, Jowell Global, BARK, Polished.com, and Beachbody Co were among the gainers, with stock increases ranging from 9.78% to 29.7%. Conversely, E-Home Household Service, Canoo, Container Store Group, Volcon, Kaixin Auto Holdings, and Lottery.com were among the losers, with stock decreases ranging from 10.25% to 18.5%. Market capitalizations for these companies vary, with the smallest at $1.1 million for Volcon and the largest at $167.7 million for Canoo.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 5:31 pm

In Tuesday's pre-market session, BT Brands (BTBD) saw a significant increase of 139.3%, while VOXX International (VOXX) rose by 7.06% following their Q3 earnings report. Conversely, Lixiang Education Hldg (LXEH) and Canoo (GOEV) experienced notable declines of 17.2% and 9.81%, respectively. Other consumer discretionary stocks like MGO Global (MGOL), Tuniu (TOUR), and JOANN (JOAN) also saw gains, whereas China Liberal Education (CLEU), Vision Marine (VMAR), Rent the Runway (RENT), and Solid Power (SLDP) recorded losses.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 1:06 pm

The article highlights three consumer discretionary stocks considered oversold based on their Relative Strength Index (RSI) values, suggesting a potential buying opportunity. Canoo Inc. (GOEV) recently purchased manufacturing assets and saw a slight stock decline, with an RSI of 29.65. Rent the Runway, Inc. (RENT) reported disappointing revenue results, leading to a 30% stock drop over the past month and an RSI of 26.16. Mobileye Global Inc. (MBLY) announced significant production design wins, yet its stock fell 26% in the past five days, with an RSI of 19.38.

Portfolio Pulse from Avi Kapoor

January 09, 2024 | 12:22 pm

In Friday's after-market session, several consumer discretionary stocks experienced movement. Gainers included China Liberal Education (CLEU), Zapp Electric Vehicles (ZAPP), 2U (TWOU), Naas Technology (NAAS), JOANN (JOAN), and Rent the Runway (RENT), with increases ranging from 2.53% to 5.0%. Losers were Color Star Tech (ADD), ZHONGCHAO (ZCMD), Dogness (Intl) (DOGZ), Purple Innovation (PRPL), Latham Group (SWIM), and AYRO, with declines between 4.82% and 8.5%.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 9:31 pm

In Wednesday's pre-market session, several consumer discretionary stocks showed notable movements. Gainers included Nerdy (NRDY), Cango (CANG), Zapp Electric Vehicles (ZAPP), Rent the Runway (RENT), Yatra Online (YTRA), and Youdao (DAO), with increases ranging from 6.97% to 8.2%. Conversely, Nova Lifestyle (NVFY), Dogness (Intl) (DOGZ), Yoshiharu Global (YOSH), Sunlands Technology (STG), and Jeffs Brands (JFBR) experienced declines between 6.35% and 11.9%.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 1:06 pm

Bridgeline Digital, Inc. (NASDAQ:BLIN) shares fell by 13.1% in pre-market trading after reporting a narrower-than-expected loss for its fourth quarter but missing sales estimates. Other stocks experienced significant movements in pre-market trading, with Cingulate Inc. (NASDAQ:CING) and SenesTech, Inc. (NASDAQ:SNES) among the top gainers, while Rent the Runway, Inc. (NASDAQ:RENT) and Cyclo Therapeutics, Inc. (NASDAQ:CYTH) were among the top losers.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 1:22 pm

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