Why Rent the Runway's stock price is going wild this week
Fast Company -

Apparel renting service Rent the Runway saw a significant surge in its share price after it reported an optimistic outlook for the upcoming year, bolstered by a narrower loss from the previous year. The stock (ticker: RENT) was up more than 135% as of midday on Thursday and more than 200% this week. In an earnings report, Rent the Runway’s chief financial officer Sid Thacker expressed confidence in the company’s future. “We believe fiscal year 2024 will be transformative for Rent the...

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