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Looking Closely at the Growth Curve for Rent the Runway Inc. (RENT)

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Rent the Runway Inc. (NASDAQ:RENT) went down by -10.78% from its latest closing price compared to the recent 1-year high of $24.77. The company’s stock price has collected -18.77% of loss in the last five trading sessions. MarketWatch.com reported on 12/24/21 that The IPO bubble bursts as the era of easy money ends

Is It Worth Investing in Rent the Runway Inc. (NASDAQ :RENT) Right Now?

RENT currently public float of 57.12M and currently shorts hold a 9.35% ratio of that float. Today, the average trading volume of RENT was 1.28M shares.

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RENT’s Market Performance

The volatility ratio for the week stands at 11.85% while the volatility levels for the past 30 days are set at 11.35% for Rent the Runway Inc.. The simple moving average for the period of the last 20 days is -24.63% for RENT stocks with a simple moving average of -48.61% for the last 200 days.

RENT Trading at -48.61% from the 50-Day Moving Average

After a stumble in the market that brought RENT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -73.27% of loss for the given period.

Volatility was left at 11.35%, however, over the last 30 days, the volatility rate increased by 11.85%, as shares sank -39.93% for the moving average over the last 20 days.

During the last 5 trading sessions, RENT fell by -18.77%, in comparison to the 20-day moving average, which settled at $8.56. In addition, Rent the Runway Inc. saw -18.77% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at RENT starting from KAPLAN BETH J, who purchase 10,500 shares at the price of $9.40 back on Dec 15. After this action, KAPLAN BETH J now owns 528,062 shares of Rent the Runway Inc., valued at $98,705 using the latest closing price.

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