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Why Stitch Fix Stock Was Sliding Today

TheMotleyFool

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Why Stitch Fix Stock Was Sliding Today: https://g.foolcdn.com/editorial/images/713743/online-clothes-shopping-e-commerce.jpg

Shares of Stitch Fix (NASDAQ: SFIX) were falling today after the online styling service got hit by an analyst downgrade this morning.

The e-commerce stock was down 9.6% as of 2:20 p.m. ET.

J.P. Morgan analyst Cory Carpenter lowered the rating on the e-commerce stock from neutral to underperform, and said 2023 could bring continued macroeconomic headwinds to Stitch Fix and the rest of the apparel sector.

Source Fool.com

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