Shares of TDUP are trading 14% higher today. The stock continues to move despite weak earnings!

Shares of ThredUp Inc. (TDUP) are trading 14% higher at a price of $3.47 at the time of this writing. The stock is outpacing peers in a somewhat upbeat day for the consumer discretionary sector. The stock is up despite a rather glum earnings announcement yesterday. Perhaps traders are beginning to think the woebegone apparel resaler is becoming a bargain.

ThredUp Inc. has been trading between a 52-week high of $23.7 and a 52-week low of $1.9. The stock has a market cap of $204 Million.

ThredUP is transforming resale with the mission to inspire a new generation of consumers to think secondhand first. By making it easy to buy and sell secondhand, thredUP has become one of the world's largest resale platforms for women's and kids' apparel, shoes and accessories. thredUP is extending the life cycle of clothing, changing the way consumers shop and ushering in a more sustainable future for the fashion industry.