Rent the Runway Up Ahead of Earnings with Traders Watching CEO Change
Rent the Runway shares were up 2.9% at $3.97 in midday Nasdaq trading Thursday, ahead of the upcoming Q1 report and management change. The stock moved between $3.77 and $4.18. Volume was around 61,400 shares. Rent the Runway’s June 3 update is key for investors looking for signs the company can maintain subscriber and revenue growth with new leaders at the top. Shares don’t trade heavily, so headlines can drive bigger swings.