POSH - Chart talk: Will eBay be tempted by big slump in resale retail sector?
ThredUp (TDUP -10.2%), RealReal (REAL -6.3%), Stitch Fix (SFIX -6.8%), Rent the Runway (RENT -6.3%) and Poshmark (POSH -8.2%) are all down sharply on the day. The big drops for the resale retailers coincides with execs maintaining that their companies can hold up in the inflationary backdrop. "While many retailers have been forced to raise prices due to inflation or supply chain pressure, we do not have the same level of exposure," notes ThredUp CEO James Reinhart. TDUP and POSH have traded with high volatility over the last few months, Last week, Citron Research teased that if eBay(EBAY +0.5%) does not acquire RealReal that it is almost a no-brainer for Saks to pull the M&A switch. Here is how those stocks stack up on a price-to-sales look.
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Chart talk: Will eBay be tempted by big slump in resale retail sector?