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Online secondhand-fashion marketplace Poshmark Inc. has agreed to be bought by South Korean internet company Naver in a $1.2 billion deal, the two companies announced Monday.
The companies said the deal will deepen Naver's reach in online retail, while allowing Poshmark to expand into international markets.
Naver, the South Korean search giant, today announced it plans to acquire secondhand apparel marketplace Poshmark for $1.2 billion in cash. The deal values publicly-traded Poshmark's shares at $17.
South Korean tech firm Naver Corp said on Tuesday it plans to acquire $1.6 billion worth of shares in Proton Parent Inc, in order to acquire Poshmark Inc, a U.S. secondhand fashion platform, as a stra
Shares of Poshmark are soaring after the company closed its best month on record.
In arguably most cases, investors should concentrate the bulk of their portfolio on high-quality names, irrespective of catchy marketing schemes like under-$20 sleeper stocks to buy. Usually, comfort
Poshmark has had a solid Q2 financial performance with growth in revenue and other key metrics. The company continues to post net losses, and other profitability metrics have worsened YoY.

Why Poshmark Stock Soared Today

04:25pm, Monday, 15'th Aug 2022
The e-commerce stock got a boost from an analyst upgrade.
Poshmark Inc (NASDAQ: POSH) is up more than 15% this morning after a Barclays analyst said the stock will do well in a recessionary environment.

Poshmark Stock Rebounds on Barclays Bull Note

10:16am, Monday, 15'th Aug 2022
Poshmark Inc (NASDAQ:POSH) is rebounding from Friday's post-earnings slide , up 14.6% at $13.52 at last glance.
Shares of Poshmark Inc. POSH, -8.39% were rising more than 5% in premarket trading Monday after Barclays analyst Trevor Young assumed coverage of the fashion-marketplace stock and lifted Barclays' rat

Poshmark CEO on Earnings, Consumer Sentiment

07:23pm, Friday, 12'th Aug 2022
Poshmark CEO Manish Chandra joins Bloomberg's Ed Ludlow to break down the company's quarterly earnings missing estimates. Also, his thoughts on the rise as retail as a service, and rising consumer sen

Why Poshmark Stock Fell Today

03:14pm, Friday, 12'th Aug 2022
Profits came up short of expectations, but within guidance.
Yahoo Finance Live anchors Brian Cheung and Brian Sozzi discuss second-quarter earnings for Poshmark.
The shares of Poshmark Inc (NASDAQ:POSH) are traveling lower today, following the digital secondhand retailer's second-quarter earnings report.
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