RENT - Rent the Runway rebounds some 20% from post-IPO lows heading into earnings

Rent the Runway (NASDAQ:RENT) rallied more than 20% intraday Tuesday, bouncing off of a post-IPO low hit one day earlier as the popular clothing-rental platform prepares to release its first earnings report as a public company. RENT rose as much as 21.7% intraday to $13.37 before settling back some to end Tuesday’s session at $12.81, ahead 16.6% for the day. That marked a sharp reversal for the stock, which sank 30.8% in less than two weeks to close Monday at a $10.99 all-low low. Rent the Runway (RENT) went public some five weeks ago through an upsized initial public offering that priced at $21 a share -- the top of its expected range. RENT briefly popped 18% in its first trading session to peak at $24.77 intraday, but then fell back and has been mostly grinding lower ever since. The stock fell especially sharply in recent days as the market

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Rent the Runway rebounds some 20% from post-IPO lows heading into earnings