Tech

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

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.

Stitch Fix CEO Katrina Lake on how she keeps her 'shopping in a box' a formidable business
VIDEO19:0319:03
Stitch Fix CEO Katrina Lake on how she keeps her 'shopping in a box' a formidable business