Rent the Runway Eyes Record Jump as Earnings Spark Revival Hope [Yahoo! Finance]
Rent the Runway, Inc. - Class A (RENT)
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg US Sees Imminent Missile Strike on Israel by Iran, Proxies Vietnam Tycoon Lan Sentenced to Death Over $12 Billion Fraud US Slams Strikes on Russia Oil Refineries as Risk to Oil Markets Russia Destroys Largest Power Plant in Ukraine's Kyiv Region Chinese Cement Maker Halted After 99% Crash in 15 Minutes The stock surged as much as 226% in intraday trading Thursday after the company reported fourth-quarter revenue and adjusted earnings that beat Wall Street expectations. “Execution will be key among all this, but we think the business model has legs,” Bloomberg Intelligence analyst Poonam Goyal said. Goyal added that return to work and new offerings for everyday wear in addition to party and formal attire should help the company maintain subscribers over time. The quarterly report was a breath of fresh air for the company after investors had mostly given up on it. Rent the Runway has been under pressure since the Covid-19 pandemic and working
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News
- What Rent the Runway's 360% stock surge reveals about the future of AI in fashion [Yahoo! Finance]Yahoo! Finance
- What Rent the Runway's 360% stock surge reveals about the future of AI in fashion [Fortune]Fortune
- From rags to riches, Rent the Runway goes from penny stock to quadrupling share prices in days after doubling down on AI [Yahoo! Finance]Yahoo! Finance
- From rags to riches, Rent the Runway goes from penny stock to quadrupling share prices in days after doubling down on AI [Fortune]Fortune
- Rent the Runway Stock Surge Shows Investors' Penchant for AI [Yahoo! Finance]Yahoo! Finance
RENT
Earnings
- 4/10/24 - Miss
RENT
Sec Filings
- 4/18/24 - Form 144/A
- 4/12/24 - Form 144
- 4/12/24 - Form 144
- RENT's page on the SEC website