Rent the Runway Inc’s recent filing unveils that its Chair, CEO & President Hyman Jennifer unloaded Company’s shares for reported $54019.0 on Mar 18 ’24. In the deal valued at $0.35 per share,155,405 shares were sold. As a result of this transaction, Hyman Jennifer now holds 3,389,723 shares worth roughly $40.37 million.
Then, Tam Sarah K sold 48,585 shares, generating $16,888 in total proceeds. Upon selling the shares at $0.35, the Chief Merchant Officer now owns 715,844 shares.
Before that, Schembri Cara sold 47,419 shares. Rent the Runway Inc shares valued at $16,483 were divested by the Chief Legal & Admin. Officer at a price of $0.35 per share. As a result of the transaction, Schembri Cara now holds 650,634 shares, worth roughly $7.75 million.
Piper Sandler downgraded its Rent the Runway Inc [RENT] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid January from “an Overweight” to “an Equal weight”. Wolfe Research began covering RENT with “Peer perform” recommendation on December 15, 2022. Credit Suisse revised its rating on September 13, 2022. It rated RENT as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of RENT
On Tuesday, Rent the Runway Inc [NASDAQ:RENT] saw its stock jump 4.84% to $11.91. Over the last five days, the stock has lost -5.25%. Rent the Runway Inc shares have risen nearly 12.89% since the year began. Nevertheless, the stocks have fallen -81.21% over the past one year. While a 52-week high of $64.10 was reached on 04/12/24, a 52-week low of $4.46 was recorded on 04/05/24. SMA at 50 days reached $8.70, while 200 days put it at $15.86. A total of 0.23 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For RENT Stock
The 24-hour chart illustrates a support level at 11.28, which if violated will result in even more drops to 10.65. On the upside, there is a resistance level at 12.57. A further resistance level may holdings at 13.23. The Relative Strength Index (RSI) on the 14-day chart is 55.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.52%. Stochastics %K at 30.33% indicates the stock is a holding.
The most recent change occurred on July 22, 2022 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating .
