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ThredUp Inc. (TDUP)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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3.7900-0.2200 (-5.49%)
At close: 04:00PM EDT
3.9700 +0.18 (+4.75%)
After hours: 05:53PM EDT
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Trade prices are not sourced from all markets
Previous close4.0100
Bid3.7100 x 800
Ask4.0000 x 2200
Day's range3.7500 - 4.0700
52-week range0.7310 - 4.3900
Avg. volume697,541
Market cap422.403M
Beta (5Y monthly)1.01
PE ratio (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
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    Why ThredUP Stock Jumped Today

    Shares of ThredUP (NASDAQ: TDUP) popped today after the clothing resale specialist posted better-than-expected results in its second-quarter earnings report even as growth remains slow and the company is unprofitable. The company has been focused on growing its resale-as-a-service business, adding customers like American Eagle, TOMS, and The Container Store, and it's focusing on a more upscale market in order to drive profitability. CEO James Reinhart said, "Our performance demonstrates both the management team's ability to forecast and manage the business amid a dynamic consumer environment as well as the sound strategy behind key company initiatives that have powered our growth and margin expansion."

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