ThredUp shares rose 3.2% after strong U.S. retail sales data for June, showing resilient consumer spending. Retail sales increased by 0.6%, beating expectations and easing concerns about the economy. Second quarter earnings season also began strong, with 88% of S&P 500 components exceeding expectations. ThredUp closed at $7.16, up 0.6%. The market views the news as significant but not changing its perception of the business, given ThredUp’s history of volatility. The stock is up 411% this year but still 17.1% below its 52-week high. Investors who bought in at the IPO would see a $1,000 investment now worth $360.

Read more at Barchart: Why ThredUp (TDUP) Stock Is Trading Up Today