Rent the Runway Inc’s recently made public that its Chair, CEO & President Hyman Jennifer unloaded Company’s shares for reported $56490.0 on May 02 ’24. In the deal valued at $12.28 per share,4,600 shares were sold. As a result of this transaction, Hyman Jennifer now holds 164,884 shares worth roughly $5.4 million.
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Then, Case Becky sold 907 shares, generating $11,140 in total proceeds. Upon selling the shares at $12.28, the SVP, Engineering now owns 30,379 shares.
Before that, Thacker Siddharth sold 539 shares. Rent the Runway Inc shares valued at $6,620 were divested by the Chief Financial Officer at a price of $12.28 per share. As a result of the transaction, Thacker Siddharth now holds 54,703 shares, worth roughly $1.79 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 fall -9.00% to $32.76. Over the last five days, the stock has gained 41.02%. Rent the Runway Inc shares have risen nearly 210.52% since the year began. Nevertheless, the stocks have fallen -33.68% over the past one year. While a 52-week high of $58.00 was reached on 05/17/24, a 52-week low of $4.46 was recorded on 04/05/24. SMA at 50 days reached $12.69, while 200 days put it at $14.07. A total of 0.36 million shares were traded, compared to the trading of 0.39 million shares in the previous session.
Levels Of Support And Resistance For RENT Stock
The 24-hour chart illustrates a support level at 29.25, which if violated will result in even more drops to 25.73. On the upside, there is a resistance level at 36.89. A further resistance level may holdings at 41.01. The Relative Strength Index (RSI) on the 14-day chart is 76.17, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.61%. Stochastics %K at 75.50% 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.
