The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. ThredUp Inc shares valued at $602,945 were sold by Nakache Patricia on May 07 ’24. At $1.92 per share, Nakache Patricia sold 314,034 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Nakache Patricia sold 109,934 shares, netting a total of over 209,974 in proceeds. Following the sale of shares at $1.91 each, the insider now holds 0 shares.
Before that, Nakache Patricia had sold 300 shares from its account. In a trade valued at $540, the Director traded ThredUp Inc shares for $1.80 each. Upon closing the transaction, the insider’s holdings decreased to 300 shares, worth approximately $0.0.
As published in a research note from Telsey Advisory Group on May 07, 2024, ThredUp Inc [TDUP] has been retained to an Outperform and the price target has been revised to $3. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late July. As of July 21, 2022, KeyBanc Capital Markets has initiated its “Sector weight” rating for TDUP. Earlier on June 30, 2022, Raymond James initiated its rating. Their recommendation was “an Outperform” for TDUP stock.
Analyzing TDUP Stock Performance
During the last five days, there has been a surge of approximately 19.64%. Over the course of the year, ThredUp Inc shares have dropped approximately -10.67%. Shares of the company reached a 52-week high of $2.4200 on 01/24/24 and a 52-week low of $1.5100 on 04/18/24. A 50-day SMA is recorded $1.8200, while a 200-day SMA reached $2.5400. Nevertheless, trading volume fell to 0.88 million shares from 1.69 million shares the previous day.
Support And Resistance Levels for ThredUp Inc (TDUP)
According to the 24-hour chart, there is a support level at 1.9600, which, if violated, would cause prices to drop to 1.9200. In the upper region, resistance lies at 2.0400. The next price resistance is at 2.0800. RSI (Relative Strength Index) is 66.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.2400, which suggests the price will decrease in the coming days. Percent R is at 4.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
