Director GURLEY J WILLIAM acquired 1,000,000 shares of Stitch Fix Inc. [SFIX]

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Stitch Fix Inc. shares valued at $5,428,200 were purchased by GURLEY J WILLIAM on Jul 08. At $5.43 per share, GURLEY J WILLIAM acquired 1,000,000 shares. The insider’s holdings grew to 2,149,762 shares worth approximately $10.43 million following the completion of this transaction.

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Also, Working Capital Advisors (UK) purchased 100,000 shares, netting a total of over 1,609,790 in proceeds. Following the buying of shares at $16.10 each, the insider now holds 11,979,753 shares.

Before that, Working Capital Advisors (UK) had added 200,000 shares to its account. In a trade valued at $3,228,900, the 10% Owner bought Stitch Fix Inc. shares for $16.14 each. Upon closing the transaction, the insider’s holdings increased to 200,000 shares, worth approximately $57.62 million.

As published in a research note from Canaccord Genuity on September 21, 2022, Stitch Fix Inc. [SFIX] has been rated down from a Buy to a Hold and the price target has been revised to $7. This represents a 30.71% premium over Wednesday’s closing price. Earlier on July 21, 2022, KeyBanc Capital Markets initiated its rating. Their recommendation was “a Sector weight” for SFIX stock.

Analyzing SFIX’s Price Performance

On Wednesday, Stitch Fix Inc. [NASDAQ: SFIX] rose 2.75% to $4.85. The stock’s lowest price that day was $4.40, but it reached a high of $5.38 in the same session. During the last five days, there has been a drop of approximately -1.02%. Over the course of the year, Stitch Fix Inc. shares have dropped approximately -74.37%. Shares of the company reached a 52-week high of $20.17 on 01/07/22 and a 52-week low of $4.40 on 09/21/22. A 50-day SMA is recorded $5.97, while a 200-day SMA reached $10.41. Nevertheless, trading volume fell to 16.42 million shares from 6.37 million shares the previous day.

Support And Resistance Levels for Stitch Fix Inc. (SFIX)

According to the 24-hour chart, there is a support level at 4.37, which, if violated, would cause prices to drop to 3.90. In the upper region, resistance lies at 5.35. The next price resistance is at 5.86. RSI (Relative Strength Index) is 40.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.18, which suggests the price will decrease in the coming days. Percent R is at 67.39%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Stitch Fix Inc. subject to short interest?

Stocks of Stitch Fix Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 3.62 million shares to 16.46 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 12.84 million shares. A jump of 21.99% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.32 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.32.

Which companies own the most shares of Stitch Fix Inc. (SFIX)?

According to Working Capital Advisors filings, the company currently owns 11,979,753 shares, which is about 14.47% of the total SFIX shares outstanding. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $37,302,415. BlackRock Fund Advisors acquire a 9.33% interest valued at $27.78 million while D. E. Shaw & Co. LP purchased a 877,240 stake. A total of 596,214 shares of Stitch Fix Inc. were bought by Disciplined Growth Investors, Inc during the quarter, and -850,000 were sold by Slate Path Capital LP. In its current portfolio, Federated MDTA LLC holds 2,858,763 shares valued at $14.35 million.

In terms of Stitch Fix Inc. share price expectations, FactSet research, analysts set an average price target of $5.44 in the next 12 months, up nearly 11.23% from the previous closing price of $4.72. Analysts anticipate Stitch Fix Inc. stock to reach $7.00 by 2022, with the lowest price target being $3.00. In spite of this, 18 analysts ranked Stitch Fix Inc. stock as a Hold at the end of 2022. On March 18, 2022, Jefferies assigned a price target of “a Hold” to the stock and initiated coverage with a $10.


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