Stitch Fix stock jumps to new all-time high

Shares of Stitch Fix Inc. jumped 10.3% in Tuesday morning trading, to reach a new all-time intraday high. Tuesday’s rally more than makes up for share price losses incurred last week after the company reported its first quarterly earnings as a public company. The online clothing retailer went public in mid-November, and shares are up 82% from their IPO price of $15. The S&P 500 is up 4% since Stitch Fix’s IPO.

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From:: Stock Market News

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