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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.