Rent the Runway shares hit highest since December after results, outlook
ReutersJun 6, 2025 6:20 PM
Shares of Rent the Runway RENT.O were up 28% and earlier hit their highest level since December 10 after the e-commerce platform reported qtrly results and gave an outlook late Thurs
RENT also on track for its biggest daily pct gain since March
The stock was last at $8.63
"Rent the Runway is in the midst of a multi-year corporate strategy transformation, and we believe that the changes we've introduced in the first quarter of 2025 have started driving meaningful improvement," the company said in its earnings release
Including the session move, RENT is up 1% YTD roughly even with the YTD gain in the Nasdaq .IXIC
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