Piper Sandler downgrades Rent the Runway Inc (RENT) stock to a Neutral

In a filing, Rent the Runway Inc revealed its Chief Supply Chain Officer Rau Andrew unloaded Company’s shares for reported $3830.0 on Jun 17 ’25. In the deal valued at $4.77 per share,803 shares were sold. As a result of this transaction, Rau Andrew now holds 21,950 shares worth roughly $0.11 million.

Then, Thacker Siddharth sold 2,019 shares, generating $9,631 in total proceeds. Upon selling the shares at $4.77, the Chief Financial Officer now owns 41,784 shares.

Before that, Schembri Cara sold 826 shares. Rent the Runway Inc shares valued at $3,940 were divested by the Chief Legal & Admin. Officer at a price of $4.77 per share. As a result of the transaction, Schembri Cara now holds 25,144 shares, worth roughly $0.12 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 -8.97% to $4.97. Over the last five days, the stock has lost -10.77%. Rent the Runway Inc shares have fallen nearly -68.12% since the year began. Nevertheless, the stocks have fallen -41.53% over the past one year. While a 52-week high of $17.00 was reached on 06/06/25, a 52-week low of $3.69 was recorded on 05/07/25.

Levels Of Support And Resistance For RENT Stock

The 24-hour chart illustrates a support level at 4.65, which if violated will result in even more drops to 4.32. On the upside, there is a resistance level at 5.35. A further resistance level may holdings at 5.73.

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 2025-07-15, dropping by 31524.0 shares to a total of 0.27 million shares. Yahoo Finance data shows the prior-month short interest on 2025-06-13 was 0.3 million shares. There was a decline of -11.77%, which implies that there is a negative 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 .

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