Opinions
Jim Cramer - Mad Money
Poshmark
POSH-Q
BUY
Jul 14, 2021
Will benefit from reopening, because people want to dress up when they go up. The young like Poshmark, which sells second-hand clothes. Great financials and scores in ESG (reduces landfill). POSH also plays into new consumer thriftiness. The stock has fallen from $104 to $38
$38.010
Stock price when the opinion was issued
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COMMENT
It plunged 17% today. What happened? When it went public earlier this year, he felt it was too hot, but it pulled back last month so he recommended it. Last night, they reported a slightly better than expected quarter, but headwinds are stemming from Apple's new privacy feature make it harder for companies to advertise, and there are competition worries. Has the stock been punished too much?
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