ThredUp Inc’s recent filing unveils that its Shareholder Trinity X Entrepreneurs’ Fund, acquired Company’s shares for reported $10041.0 on Jan 14 ’25. In the deal valued at $1.30 per share,7,724 shares were bought.
Then, Trinity X Side-By-Side Fund, L bought 13,837 shares, generating $17,988 in total proceeds.
Before that, Trinity X Entrepreneurs’ Fund, bought 1,397,581 shares. ThredUp Inc shares valued at $1,816,855 were divested by the Shareholder at a price of $1.30 per share.
A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early May has reiterated a ‘”an Outperform”‘ rating for it. Piper Sandler also remained covering TDUP and has decreased its forecast on July 22, 2022 with a “Neutral” recommendation from previously “an Overweight” rating. KeyBanc Capital Markets started covering the stock on July 21, 2022. It rated TDUP as “a Sector weight”.
Price Performance Review of TDUP
On Tuesday, ThredUp Inc [NASDAQ:TDUP] saw its stock jump 45.38% to $1.89. Over the last five days, the stock has gained 27.70%. ThredUp Inc shares have risen nearly 35.97% since the year began. Nevertheless, the stocks have fallen -9.13% over the past one year. While a 52-week high of $2.42 was reached on 01/14/25, a 52-week low of $0.50 was recorded on 01/13/25. SMA at 50 days reached $1.3388, while 200 days put it at $1.3923.
Levels Of Support And Resistance For TDUP Stock
The 24-hour chart illustrates a support level at 1.6167, which if violated will result in even more drops to 1.3433. On the upside, there is a resistance level at 2.1967. A further resistance level may holdings at 2.5033. The Relative Strength Index (RSI) on the 14-day chart is 66.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0471, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.33%. Stochastics %K at 35.20% indicates the stock is a holding.
How much short interest is there in ThredUp Inc?
A steep rise in short interest was recorded in ThredUp Inc stocks on 2024-12-31, growing by 0.87 million shares to a total of 4.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.03 million shares. There was a rise of 17.7%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 30, 2022 when Raymond James began covering the stock and recommended ‘”an Outperform”‘ rating along with a $7 price target.
