Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ThredUp Inc shares valued at $32,407 were purchased by Paransky Noam on Sep 12 ’24. At $0.81 per share, Paransky Noam acquired 40,008 shares. The insider’s holdings grew to 586,452 shares worth approximately $0.52 million following the completion of this transaction.
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Also, Friedman Ian purchased 50,000 shares, netting a total of over 39,985 in proceeds. Following the buying of shares at $0.80 each, the insider now holds 285,748 shares.
Before that, Friedman Ian had added 25,000 shares to its account. In a trade valued at $17,990, the Director bought ThredUp Inc shares for $0.72 each. Upon closing the transaction, the insider’s holdings increased to 25,000 shares, worth approximately $0.27 million.
Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in early May. As of July 22, 2022, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for TDUP. Earlier on July 21, 2022, KeyBanc Capital Markets initiated its rating. Their recommendation was “a Sector weight” for TDUP stock.
Analyzing TDUP Stock Performance
During the last five days, there has been a surge of approximately 41.08%. Over the course of the year, ThredUp Inc shares have dropped approximately -60.94%. Shares of the company reached a 52-week high of $2.4200 on 01/24/24 and a 52-week low of $0.5030 on 11/04/24. A 50-day SMA is recorded $0.7967, while a 200-day SMA reached $1.5265. Nevertheless, trading volume fell to 1.91 million shares from 12.05 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 0.7983, which, if violated, would cause prices to drop to 0.7178. In the upper region, resistance lies at 0.9397. The next price resistance is at 1.0006. RSI (Relative Strength Index) is 60.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0590, which suggests the price will decrease in the coming days. Percent R is at 9.86%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
