![]() (Bryan Bicknell/CTV News London)Singh’s stop at the Webster Street location was no accident. “We want to use our power now to focus on housing.”Ī small group of people gathered to advocate for affordable housing in London on May 26, 2023. We’ve used our powers in the past to deliver things like dental care,” he added. “So we’re going to be using all the tools that we have to push this forward in parliament, to push the government to move forward on this. “This is something we believe, it has to happen right away,” said Singh to a crowd of renters and renters’ advocates, along with assembled media, and those taking in the news conference virtually. Singh is calling for a moratorium on the sale of rental homes to large for-profit landlords, or what he calls “corporate landlords.” He also wants an acquisition fund established that would allow municipalities and non-profits to buy up affordable rental units when they come on the market. “They’re forcing all these people to live in panic and fear of what’s going to happen to them,” he said. got some high profile help Friday in their fight to stay in their homes.įederal NDP Leader Jagmeet Singh made a stop at the apartment complex to announce his proposal to prevent what he said are greedy corporate landlords from profiteering. Either way, Seeking Alpha contributor The Value Investor recently analyzed RENT and wrote that the stock “has red flags all over the place.Tenants at the Webster Street apartments in northeast London, Ont.StitchFix sells clothes curated to match each customer’s personal style, whereas Rent the Runway ( RENT) leases clothes via one-time rentals and monthly subscription boxes. Still, the two firms aren’t exact competitors. ![]() However, rival clothing platform StitchFix (NASDAQ: SFIX) sank some 17% after-hours on Tuesday after that firm issuing downbeat forward guidance despite beating analysts’ earnings estimates.Analyst consensus estimates call for about a $0.96 loss on $53.4M of revenues. The stock could face even more volatility later this week after Rent the Runway ( RENT) releases its Q3 results after the bell on Wednesday.In fact, RENT is still 31% below its IPO price even with Tuesday’s rebound. The stock fell especially sharply in recent days as the market backed away from many recent IPOs in an apparent risk-off move amid fears of Federal Reserve tapering and the COVID Omicron variant.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. 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.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 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.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.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |