What Rent the Runway's 360% stock surge reveals about the future of AI in fashion [Yahoo! Finance]
Rent the Runway, Inc. - Class A (RENT)
Company Research
Source: Yahoo! Finance
to reverse the state's six-week abortion ban, and Rent the Runway's stock surge shows how seismic AI will be for fashion. Have a thoughtful Monday! - Fashion forward. Rent the Runway, which languished as a penny stock less than two months ago, quadrupled its share price last week thanks, in part, to two letters: AI. The clothing rental service led by CEO Jennifer Hyman saw its stock rise about 360% —its best week ever. Following a 1-for-20 reverse stock split that allowed the company to avoid a delisting from the Nasdaq, an earnings call mention of AI seems to have convinced investors that the beleaguered business still has some life left. “It is the biggest thing to happen to consumer-facing businesses since the launch of the iPhone,” Hyman said . “You're either going to be a beneficiary of AI as a consumer-facing company or you're going to die because of AI. Fashion overall is going to benefit.” Like many fashion brands, Rent the Runway is now relying on AI to help customers
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News
- 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
- Top 10 stocks with upwards and downwards daily percentage change - Piper Sandler [Seeking Alpha]Seeking Alpha
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