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Why Stitch Fix Stock Was Down This Week

TheMotleyFool

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Stitch Fix (NASDAQ: SFIX) shareholders lost ground to a declining market through most of this past week. The apparel retailer's stock declined 12% through Thursday trading compared to a 2.2% drop in the wider market. That slump added to a tough year for Stitch Fix shares, according to data provided by S&P Global Market Intelligence, which are down 74% so far in 2022.

It was powered by darkening investor sentiment around economic growth and an especially weak outlook for the e-commerce niche.

The main factor driving Stitch Fix's stock lower this week was the downbeat mood on Wall Street. The S&P 500 fell by over 2% and the tech-heavy Nasdaq index dove 3% through Thursday trading.

Source Fool.com

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