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Why Stitch Fix Stock Jumped 12% in September


Shares of Stitch Fix (NASDAQ: SFIX) gained 12.3% in value last month, according to data provided by S&P Global Market Intelligence. The online apparel seller and styling service delivered a larger-than-expected loss when it reported its fiscal first-quarter results on Sept. 22. However, investors were more focused on positive developments such as growth in the number of the company's active clients and the growing adoption of its direct buy service. 

The stock was already rebounding to start the month as investors have been optimistic about the company's ability to gain market share with more consumers going online to shop for apparel.

Image source: Stitch Fix.

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Source Fool.com

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