Here's Why Stitch Fix Shares Are Moving

Shares of retail and apparel companies, including Stitch Fix Inc SFIX, are trading higher amid overall market strength as investors react to March inflation data.

While CPI data showed consumer prices rose 8.5%, Core CPI came in slightly below estimates. The index for all items less food and energy rose 0.3% in March following a 0.5% increase the prior month. The index for apparel rose 0.6% in March.

Stitch Fix offers personal style service for men and women. The company engages in delivering one-to-one personalization to clients through the combination of data science and human judgment.

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Stitch Fix is trading higher by 5.13% at $10.46 Stitch Fix has a 52-week high of $69.20 and a 52-week low of $8.75.