Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ThredUp Inc shares valued at $97,546 were sold by Nakache Patricia on Dec 02 ’24. At $1.78 per share, Nakache Patricia sold 54,801 shares. The insider’s holdings dropped to 247 shares worth approximately $429.78 following the completion of this transaction.
Also, Nakache Patricia sold 17,923 shares, netting a total of over 31,724 in proceeds. Following the sale of shares at $1.77 each, the insider now holds 149 shares.
Before that, Nakache Patricia had sold 200 shares from its account. In a trade valued at $354, the Director traded ThredUp Inc shares for $1.77 each. Upon closing the transaction, the insider’s holdings decreased to 200 shares, worth approximately $948.3.
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 14.47%. Over the course of the year, ThredUp Inc shares have dropped approximately -22.67%. 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 $0.9695, while a 200-day SMA reached $1.4484. Nevertheless, trading volume fell to 0.85 million shares from 0.22 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 1.5733, which, if violated, would cause prices to drop to 1.4067. In the upper region, resistance lies at 1.8433. The next price resistance is at 1.9467. RSI (Relative Strength Index) is 76.87 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.2481, which suggests the price will decrease in the coming days. Percent R is at 7.13%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
