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Stitch Fix shares soar 8% to intraday record

Stitch Fix Inc. SFIX, +12.42% inventory shot up greater than eight% in early afternoon trading Friday and hit an intraday high above $31. MarketWatch used to be no longer in an instant in a position to locate any obvious catalysts for Friday's move to a document high. The on-line subscription clothes carrier up to now hit an intraday document June 22 at $30.82 however closed at $30.15. Stitch Fix stocks have gained 102% since its November initial public providing, because the S&P 500 index has gained 6.1%.