Rent the Runway shares hit highest since December after results, outlook
06/06/2025 19:20
** Shares of Rent the Runway RENT.O were up 28% and earlier hit their highest level since December 10 after the e-commerce platform reported qtrly results and gave an outlook late Thurs ** RENT also on track for its biggest daily pct gain since March ** The stock was last at $8.63 ** "Rent the Runway is in the midst of a multi-year corporate strategy transformation, and we believe that the changes we've introduced in the first quarter of 2025 have started driving meaningful improvement," the company said in its earnings release ** Including the session move, RENT is up 1% YTD roughly even with the YTD gain in the Nasdaq .IXIC (Reporting by Caroline Valetkevitch) ((caroline.valetkevitch@thomsonreuters.com))