Weakness Seen in Rentrak Corporation (RENT): Stock Tumbles 5.4% - Tale of the Tape - Avis Budget Gr (NASDAQ:CAR), Rent the Runway (NASDAQ:RENT)

Rentrak Corporation RENT saw a big move last session, as the company's shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for RENT, as the stock is now down 22.9% in the past one-month time frame.

This slump shouldn't be too much of a surprise to investors, as Rentrak Corporation has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

RENT currently has a Zacks Rank #5 (Strong Sell).

Some better-ranked stocks in the Business Services industry include SGS SA (SGSOY), Avis Budget Group, Inc. CAR and CopyTele, Inc. (COPY). While SGS SA carries a Zacks Rank #1 (Strong Buy), Avis Budget Group and CopyTele hold a Zacks Rank #2 (Buy).

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