Shares of retail and apparel companies, including Stitch Fix Inc (NASDAQ: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.
See Also: Why Actinium Pharmaceuticals Stock Is Surging
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.
