02:39 PM EDT, 08/06/2024 (MT Newswires) -- Wedbush adjusted its price target on ThredUp ( TDUP ) to $2 from $3 while maintaining an outperform rating.

This rating action comes as the company announced late Monday Q2 sales that lagged the market's expectations.

Shares sank 59% as intraday trading volume soared to over 4.9 million versus the stock's daily average of about 476,000.

Jumia Technologies ( JMIA ) shares slumped 50.8% after the company said Tuesday that Q2 revenue dropped from a year ago.

More than 27 million shares traded intraday compared with a daily average of about 5.6 million.

Sophia Genetics ( SOPH ) shares slid 21.5% after the company reported its Q2 revenue that missed analysts' estimates.

Intraday trading volume climbed to over 209,000 compared with the stock's daily average of about 103,000.

Price: 0.74, Change: -0.99, Percent Change: -57.17