Why Shares of Stitch Fix Are Down Sharply Again Today
Shares of Stitch Fix (NASDAQ: SFIX) opened down sharply for the third day in row on Thursday, as fears of economic disruption due to the COVID-19 pandemic drove a broad-based sell-off.
As of 10:15 a.m. EDT, Stitch Fix's shares were down about 10.4% from Wednesday's closing price.
Stitch Fix has had a tough week. Its earnings for the quarter ended Feb. 1, reported on Monday after the markets closed, disappointed investors who had expected better sales growth.
Source Fool.com
