Tech

Stitch Fix just went on a two-day rally, adding more than half a billion in market cap

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Key Points
  • Shares of clothing subscription box company Stitch Fix rose 12 percent Friday.
  • The company went public in November and has seen its stock double in value since.
  • The stock closed at a fresh all-time high of $32.41. 
Katrina Lake, founder and chief executive officer of Stitch Fix Inc.
Patrick T. Fallon | Bloomberg | Getty Images

Stitch Fix just went on a two-day rally, gaining 22 percent and $580 million in market cap since Tuesday's close.

Shares of the clothing subscription box company gained 12 percent Friday after jumping 9 percent Thursday. The stock closed at a fresh all-time high of $32.41.

Stitch Fix curates personalized shipments of clothing and accessories for subscribers. The company went public in November and has seen its stock double in value since, despite some big single-day swings.

Last month, Stitch Fix jumped more than 14 percent on speculation that Oprah Winfrey would be taking a stake in the company. Just two weeks prior, the stock posted its biggest single-day gain, surging more than 26 percent on June 8 following a strong earnings beat.

Stitch Fix is up nearly 60 percent in the past month and more than 25 percent in 2018.

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Stitch Fix CEO Katrina Lake on how she keeps her 'shopping in a box' a formidable business