Why Stitch Fix’s Shares Popped 18.3% on Tuesday

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Shares of online clothing retailer Stitch Fix (NASDAQ: SFIX) jumped as much as 18.5% in trading Tuesday on very little news. Shares closed near their high, up 18.3% for the day. 

Sometimes, no news is good news, and that seems to be the case for Stitch Fix today. The company didn’t announce any press releases or financial information, so what’s driving the stock? 

Image source: Getty Images.

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