Why Stitch Fix Stock Fell 11% in July
Stitch Fix (NASDAQ:SFIX) shareholders trailed a booming market last month as the stock dropped 11% compared to a 5.5% rally in the S&P 500 in July, according to data provided by S&P Global Market Intelligence.
The decline put the online apparel seller back in negative territory for the year, down 12% so far in 2020. It had previously been lower by nearly 60%, though.
Image source: Getty Images.
Without any official updates from Stitch Fix or its competitors dur…