Why Stitch Fix Stock Jumped Again Today

Shares of Stitch Fix (NASDAQ: SFIX) were gaining again today even as there was no news on the online personalized styling service. Instead, the stock seemed to benefit from a number of trends, including a short squeeze, signs the apparel industry is bouncing back, and hopes that the $1.9 trillion stimulus plan proposed by President-elect Joe Biden will further grease the economic recovery.

At the close of trading Tuesday, the stock was up 13.7%.

Image source: Stitch Fix.

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Source Fool.com