Retail

Poshmark (POSH) and ThredUP (TDUP) Q1 2021 earnings

0


Rafael Henrique | LightRocket | Getty Images

Shares Poshmark and ThredUp, two leaders in the secondhand retail space, tumbled Wednesday in extended trading, as widening losses overshadowed strong sales growth in a hot category — especially among Gen Z.

Poshmark’s stock was falling more than 11%, and ThredUp shares were recently down about 8%.

The stock drop marred ThredUp’s first quarterly report as a public company. It debuted in March, while Poshmark shares have been public since mid-January.

ThredUp shares as of Wednesday had risen more than 42% since its IPO, bringing the company’s market cap to $1.9 billion. Poshmark shares have fallen more than 55% since it went public, giving it a…



Source cnbc.com

Bill Ackman reveals 6% stake in Domino’s Pizza, shares jump

Previous article

Biden signs executive order to strengthen cybersecurity after Colonial Pipeline hack

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Retail