Could This Be Why Stitch Fix Stock Is Down Today?

Could This Be Why Stitch Fix Stock Is Down Today?

Shares of apparel e-commerce company Stitch Fix (NASDAQ: SFIX) fell sharply on Wednesday, down 10% as of 2 p.m. ET. BlackRock is one of the world's largest asset management firms and in recent years has taken an interest in Stitch Fix stock. By the end of 2020, the firm had purchased nearly 4.4 million shares of Stitch Fix, good for 6.9% of total shares.