When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With TDUP Stock Today?
ThredUp Inc (TDUP) stock is trading at $2.15 as of 11:57 AM on Tuesday, Oct 4, an increase of $0.34, or 18.78% from the previous closing price of $1.81. The stock has traded between $1.95 and $2.23 so far today. Volume today is 956,579 compared to average volume of 813,982.
To see InvestorsObserver's Sentiment Score for ThredUp Inc click here.
More About ThredUp Inc
ThredUp Inc is an online resale platform for women and kids apparel, shoes, and accessories. It generates revenue from items that are sold to buyers through the website, mobile app, and RaaS partners.
Click Here to get the full Stock Report for ThredUp Inc stock.
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