Yahoo Finance's Jared Blikre examines market movements, as well as the the action surrounding retail, financial, and luxury brand stocks.
Shares of digital consignment company The RealReal (NASDAQ: REAL) fell on Friday after an analyst appeared to doubt the vision that management laid out earlier this year. As of 12:45 p.m. ET, The RealReal stock is down 7%, but it was down 12% earlier in the session. Cowen analyst Oliver Chen downgraded The RealReal stock today in a big way.
The RealReal (REAL) delivered earnings and revenue surprises of 6.98% and 0.32%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?