Streetbeat News

TDUP

ThredUp Inc.

https://www.thredup.com

Industry

Specialty Retail

ThredUp Inc., together with its subsidiaries, operates online resale platforms that allows consumers to buy and sell secondhand women's and kids' apparel, shoes, and accessories. ThredUp Inc. was incorporated in 2009 and is headquartered in Oakland, California.

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The S&P 500 surged over 2% on Tuesday, driven by strong earnings reports from companies like Caterpillar Inc. (CAT), which beat earnings estimates. Other notable stock movements included significant gains for TG Therapeutics (TGTX), Clear Secure (YOU), and Lumen Technologies (LUMN), while Elevation Oncology (ELEV), Jumia Technologies (JMIA), and ThredUp (TDUP) saw substantial declines.

Portfolio Pulse from Avi Kapoor

August 06, 2024 | 6:39 pm

U.S. stocks traded higher with the Nasdaq Composite gaining over 250 points. Yum! Brands reported better-than-expected earnings, while TG Therapeutics, Clear Secure, and Lumen Technologies saw significant stock price increases. Elevation Oncology, Jumia Technologies, and ThredUp experienced substantial declines.

Portfolio Pulse from Avi Kapoor

August 06, 2024 | 4:05 pm

ThredUp shares are trading lower after the company reported worse-than-expected Q2 financial results and issued Q3, Q4, and FY24 revenue guidance below estimates. Wells Fargo maintained an Overweight rating on the stock but lowered its price target from $5 to $3.