Shares of Poshmark (NASDAQ: POSH), a clothing resale e-commerce company, got crushed on Thursday after the company reported financial results for the first quarter of 2021. Results exceeded expectations but investors are worried about forward guidance, resulting in the stock's continued slide. As of 10 a.m. EDT, Poshmark stock is down 17% and has now plummeted 64% from its all-time high earlier this year.
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