Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rent the Runway Inc shares valued at $19,476 were sold by Hyman Jennifer on Mar 17 ’25. At $4.36 per share, Hyman Jennifer sold 4,467 shares. The insider’s holdings dropped to 124,265 shares worth approximately $0.5 million following the completion of this transaction.
Also, Schembri Cara sold 1,276 shares, netting a total of over 5,563 in proceeds. Following the sale of shares at $4.36 each, the insider now holds 26,233 shares.
Before that, Tam Sarah K had sold 1,396 shares from its account. In a trade valued at $6,087, the Chief Merchant Officer traded Rent the Runway Inc shares for $4.36 each. Upon closing the transaction, the insider’s holdings decreased to 1,396 shares, worth approximately $0.11 million.
As published in a research note from Piper Sandler on January 17, 2024, Rent the Runway Inc [RENT] has been rated down from an Overweight to a Neutral. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid January. As of December 15, 2022, Wolfe Research has initiated its “Peer perform” rating for RENT. Earlier on September 13, 2022, Credit Suisse downgraded its rating. Their new recommendation was “a Neutral” for RENT stock which previously was a “an Outperform”.
Analyzing RENT Stock Performance
During the last five days, there has been a drop of approximately -17.35%. Over the course of the year, Rent the Runway Inc shares have dropped approximately -52.35%. Shares of the company reached a 52-week high of $9.50 on 01/03/25 and a 52-week low of $3.70 on 03/07/25. A 50-day SMA is recorded $5.31, while a 200-day SMA reached $9.49.
Support And Resistance Levels for Rent the Runway Inc (RENT)
According to the 24-hour chart, there is a support level at 3.75, which, if violated, would cause prices to drop to 3.46. In the upper region, resistance lies at 4.30. The next price resistance is at 4.56. RSI (Relative Strength Index) is 40.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.50, which suggests the price will decrease in the coming days. Percent R is at 80.57%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
