ThredUp Inc’s recently made public that 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 $1.14 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 $1.19 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 Monday, ThredUp Inc [NASDAQ:TDUP] saw its stock jump 7.45% to $1.73. Over the last five days, the stock has gained 11.61%. ThredUp Inc shares have fallen nearly -23.11% since the year began. Nevertheless, the stocks have fallen -32.16% over the past one year. While a 52-week high of $4.39 was reached on 01/24/24, a 52-week low of $1.51 was recorded on 04/18/24. SMA at 50 days reached $1.8457, while 200 days put it at $2.5866. A total of 0.57 million shares were traded, compared to the trading of 0.98 million shares in the previous session.
Levels Of Support And Resistance For TDUP Stock
The 24-hour chart illustrates a support level at 1.6500, which if violated will result in even more drops to 1.5700. On the upside, there is a resistance level at 1.7800. A further resistance level may holdings at 1.8300. The Relative Strength Index (RSI) on the 14-day chart is 50.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0365, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.12%. Stochastics %K at 46.89% indicates the stock is a holding.
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.
