In a filing, ThredUp Inc revealed its Chief Legal Officer Rotem Alon unloaded Company’s shares for reported $17927.0 on Jun 14 ’24. In the deal valued at $1.79 per share,10,000 shares were sold. As a result of this transaction, Rotem Alon now holds 241,390 shares worth roughly $0.38 million.
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Then, Nakache Patricia sold 7,920 shares, generating $16,236 in total proceeds. Upon selling the shares at $2.05, the Director now owns 0 shares.
Before that, Nakache Patricia sold 7,781 shares. ThredUp Inc shares valued at $15,951 were divested by the Director at a price of $2.05 per share. As a result of the transaction, Nakache Patricia now holds 0 shares, worth roughly $0.0.
Telsey Advisory Group reiterated its ThredUp Inc [TDUP] rating to an Outperform in a research note published on May 07, 2024; the price target was $3. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late July from “an Overweight” to “a Neutral”. KeyBanc Capital Markets began covering TDUP with “Sector weight” recommendation on July 21, 2022. Raymond James started covering the stock on June 30, 2022. It rated TDUP as “an Outperform”.
Price Performance Review of TDUP
On Tuesday, ThredUp Inc [NASDAQ:TDUP] saw its stock fall -2.45% to $1.59. Over the last five days, the stock has lost -2.45%. ThredUp Inc shares have fallen nearly -29.33% since the year began. Nevertheless, the stocks have fallen -34.84% 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 $1.8439, while 200 days put it at $2.2193. A total of 0.25 million shares were traded, compared to the trading of 0.35 million shares in the previous session.
Levels Of Support And Resistance For TDUP Stock
The 24-hour chart illustrates a support level at 1.5667, which if violated will result in even more drops to 1.5433. On the upside, there is a resistance level at 1.6267. A further resistance level may holdings at 1.6633. The Relative Strength Index (RSI) on the 14-day chart is 32.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0593, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.20%. Stochastics%K at 16.46% indicates the stock is a buying.
