Rent the Runway, Inc. (RENT) shares are surging more than 146 percent on Thursday morning trade after the company said it expects 2024 to be a milestone year.
The company noted that it is well positioned to re-ignite its marketing and customer acquisition engine to drive growth and FCF breakeven in fiscal 2024.
The Brooklyn-based apparel retailer reported a reduced fourth-quarter loss, compared to the prior year.
Currently, shares are at $18.33, up 146.14 percent from the previous close of $7.40 on a volume of 31,695,962.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.