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Why Stitch Fix Stock Jumped 16% This Week

Why Stitch Fix Stock Jumped 16% This Week

Stitch Fix (NASDAQ: SFIX) shareholders trounced a rising market in recent days, with shares jumping 16% from last Friday through Thursday's trading, compared to a 0.4% increase in the S&P 500. The rally was powered by a surprisingly strong quarterly earnings report by the online apparel specialist. Stitch Fix on Tuesday announced sales and profit results for the quarter that ended in late July.