Stitch Fix Inc’s recently made public that its Chief Accounting Officer Barkema Sarah unloaded Company’s shares for reported $36542.0 on Mar 14 ’24. In the deal valued at $2.24 per share,16,311 shares were sold. As a result of this transaction, Barkema Sarah now holds 138,535 shares worth roughly $0.35 million.
Then, O’Connor Casey sold 4,692 shares, generating $15,183 in total proceeds. Upon selling the shares at $3.24, the Chief Legal Officer now owns 483,755 shares.
Before that, Barkema Sarah sold 17,651 shares. Stitch Fix Inc shares valued at $73,165 were divested by the Chief Accounting Officer at a price of $4.15 per share. As a result of the transaction, Barkema Sarah now holds 134,914 shares, worth roughly $0.34 million.
A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid March with a ‘”an Underperform”‘ rating. Wells Fargo also remained covering SFIX and has increased its forecast on January 06, 2023 with a “an Equal weight” recommendation from previously “an Underweight” rating. JP Morgan revised its rating on December 20, 2022. It rated SFIX as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of SFIX
On Tuesday, Stitch Fix Inc [NASDAQ:SFIX] saw its stock jump 4.60% to $2.50. Over the last five days, the stock has gained 0.81%. Stitch Fix Inc shares have fallen nearly -29.97% since the year began. Nevertheless, the stocks have fallen -42.92% over the past one year. While a 52-week high of $5.20 was reached on 02/15/24, a 52-week low of $2.15 was recorded on 03/18/24. SMA at 50 days reached $2.91, while 200 days put it at $3.51. A total of 1.1 million shares were traded, compared to the trading of 1.28 million shares in the previous session.
Levels Of Support And Resistance For SFIX Stock
The 24-hour chart illustrates a support level at 2.40, which if violated will result in even more drops to 2.31. On the upside, there is a resistance level at 2.59. A further resistance level may holdings at 2.69. The Relative Strength Index (RSI) on the 14-day chart is 46.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.28%. Stochastics %K at 37.44% indicates the stock is a holding.
How much short interest is there in Stitch Fix Inc?
A steep rise in short interest was recorded in Stitch Fix Inc stocks on Mar 15, 2024, growing by 2.05 million shares to a total of 10.6 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 8.55 million shares. There was a rise of 19.34%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 15.16% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.35.
The most recent change occurred on December 07, 2022 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $5.
