Today’s Research Reports on Trending Tickers: Stitch Fix and Zumiez

NEW YORK, NY / ACCESSWIRE / June 8, 2018 / U.S. markets were mixed Thursday as a selloff in technology shares weighed in major indexes. The Dow Jones Industrial Average increased 0.38 percent to close at 25,241.41, as two-thirds of its components closed in the green. The S&P 500 Index fell 0.07 percent to close at 2,770.37, while the Nasdaq Composite Index was down 0.7 percent to close at 7,635.07.

“The selloff in the tech sector today appears to be technical, as these stocks had rallied a lot over the previous sessions, with many shares setting all-time highs,” said Quincy Krosby, chief market strategist, at Prudential Financial.

RDI Initiates Coverage on:

Stitch Fix, Inc.
https://rdinvesting.com/news/?ticker=SFIX

Zumiez Inc.
https://rdinvesting.com/news/?ticker=ZUMZ

Stitch Fix’s stock moved 4.65% lower Thursday, to close the day at $19.67. The stock recorded a trading volume of 1,253,752 shares, which was above its three months average volume of 681,618 shares. In the last year, Stitch Fix’s shares have traded in a range of 14.48 – 30.07. The share price has gained 35.84% from its 52 week low. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $21.07 is below its 200-day moving average of $21.81. Shares of Stitch Fix have fallen roughly 11.40 percent in the past month and are down 23.85 percent year-to-date.

Access RDI’s Stitch Fix, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SFIX

On Thursday, shares of Zumiez recorded a trading volume of 1,176,669 shares, which was above the three months average volume of 371,525 shares. The stock ended the day 1.31% higher at $27.00. The share price has fallen 0% from its 52-week high with a 52-week trading range of 11.43 – 27.00. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $24.23 is above its 200-day moving average of $22.23. Shares of the company are trading at a Price to Earnings ratio of 25.00. Shares of Zumiez have gained roughly 12.5 percent in the past month and are up 29.62 percent year-to-date.

Access RDI’s Zumiez Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ZUMZ

Our Actionable Research on Stitch Fix, Inc. (NASDAQ:SFIX) and Zumiez Inc. (NASDAQ:ZUMZ) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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