In a filing, Rent the Runway Inc revealed its Chief Financial Officer Thacker Siddharth unloaded Company’s shares for reported $5278.0 on Nov 06 ’24. In the deal valued at $9.72 per share,543 shares were sold. As a result of this transaction, Thacker Siddharth now holds 49,706 shares worth roughly $0.5 million.
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Then, Thacker Siddharth sold 187 shares, generating $1,743 in total proceeds. Upon selling the shares at $9.32, the Chief Financial Officer now owns 49,519 shares.
Before that, Tam Sarah K sold 246 shares. Rent the Runway Inc shares valued at $2,391 were divested by the Chief Merchant Officer at a price of $9.72 per share. As a result of the transaction, Tam Sarah K now holds 32,069 shares, worth roughly $0.32 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 Monday, Rent the Runway Inc [NASDAQ:RENT] saw its stock fall -21.84% to $10.02. Over the last five days, the stock has lost -15.94%. Rent the Runway Inc shares have fallen nearly -5.02% since the year began. Nevertheless, the stocks have fallen -19.84% over the past one year. While a 52-week high of $41.81 was reached on 05/17/24, a 52-week low of $4.46 was recorded on 04/05/24. SMA at 50 days reached $10.04, while 200 days put it at $13.22.
Levels Of Support And Resistance For RENT Stock
The 24-hour chart illustrates a support level at 8.80, which if violated will result in even more drops to 7.59. On the upside, there is a resistance level at 11.96. A further resistance level may holdings at 13.91. The Relative Strength Index (RSI) on the 14-day chart is 46.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.76%. Stochastics %K at 58.70% indicates the stock is a holding.
How much short interest is there in Rent the Runway Inc?
A steep rise in short interest was recorded in Rent the Runway Inc stocks on 2024-11-15, growing by 2281.0 shares to a total of 0.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 0.21 million shares. There was a rise of 1.06%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 22, 2022 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating .
