In a filing, ThredUp Inc revealed its Chief Executive Officer Reinhart James G. unloaded Company’s shares for reported $41509.0 on Apr 01 ’24. In the deal valued at $2.00 per share,20,744 shares were sold. As a result of this transaction, Reinhart James G. now holds 659,398 shares worth roughly $1.18 million.
Then, Reinhart James G. sold 9,801 shares, generating $19,653 in total proceeds. Upon selling the shares at $2.01, the Chief Executive Officer now owns 680,142 shares.
Before that, Reinhart James G. sold 5,000 shares. ThredUp Inc shares valued at $10,003 were divested by the Chief Executive Officer at a price of $2.00 per share. As a result of the transaction, Reinhart James G. now holds 689,943 shares, worth roughly $1.23 million.
Piper Sandler downgraded its ThredUp Inc [TDUP] rating to a Neutral from a an Overweight in a research note published on July 22, 2022; the price target was decreased to $3.50 from $12. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in late July with a ‘”a Sector weight”‘ rating. Raymond James began covering TDUP with “an Outperform” recommendation on June 30, 2022.
Price Performance Review of TDUP
On Tuesday, ThredUp Inc [NASDAQ:TDUP] saw its stock jump 0.56% to $1.79. Over the last five days, the stock has lost -7.25%. ThredUp Inc shares have fallen nearly -20.44% since the year began. Nevertheless, the stocks have fallen -18.64% over the past one year. While a 52-week high of $4.39 was reached on 01/24/24, a 52-week low of $1.66 was recorded on 03/05/24. SMA at 50 days reached $1.9700, while 200 days put it at $2.6467. A total of 0.74 million shares were traded, compared to the trading of 0.82 million shares in the previous session.
Levels Of Support And Resistance For TDUP Stock
The 24-hour chart illustrates a support level at 1.7633, which if violated will result in even more drops to 1.7367. On the upside, there is a resistance level at 1.8133. A further resistance level may holdings at 1.8367. The Relative Strength Index (RSI) on the 14-day chart is 41.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1190, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.38%. Stochastics %K at 14.58% indicates the stock is a buying.
How much short interest is there in ThredUp Inc?
A steep rise in short interest was recorded in ThredUp Inc stocks on Mar 15, 2024, growing by 0.16 million shares to a total of 6.7 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 6.54 million shares. There was a rise of 2.39%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 10.86% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.3.
The most recent change occurred on March 18, 2022 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $13 price target.
