ThredUp Downtick Continues; Shares Slip 5%

Shares of ThredUp Inc. (TDUP) are slipping over 5% on Wednesday morning despite no stock related news to hurt the company's stock.

TDUP is currently trading at $17.74, down $0.98 or 5.24%, on the Nasdaq. The company's stock has slipped nearly 20% in the past one-month period.

ThredUp Inc. operates online resale platforms that allows consumers to buy and sell secondhand women's and kids' apparel, shoes, and accessories. The company was founded in 2009 and is based in Oakland, California.

Meanwhile, online shopping by U.S. consumers on Cyber Monday slipped for the first time every, with total spending reaching $10.7 billion, according to Adobe Analytics.

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