Fortinet Inc. Stock Rises Friday, Still Underperforms Market

Stitch Fix Inc

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Consumer Discretionary : Internet & Direct Marketing Retail | Small Cap Value

Company profile

Stitch Fix, Inc. is an online personalized styling service company. The Company operates primarily in the United States and United Kingdom. The Company combines the human touch of stylists with the precision of advanced data science to make online personal styling accessible to everyone. The Company serves its clients in categories, such as women's, petite, maternity, men's, kids, and plus apparel, as well as shoes and accessories. The Company leverages its data science through a custom-built, Web-based styling application that provides recommendations to its stylists from its selection of merchandise. It also gathers a range of merchandise data, such as inseam, pocket shape, silhouette, and fit. Its clients can engage in receiving a personalized shipment of items informed by its algorithms and sent by a Stitch Fix stylist (a Fix). Its clients can purchase directly from its Website or mobile app based on a personalized assortment of outfit and item recommendations.

Fortinet Inc. Stock Rises Friday, Still Underperforms Market

4:55 pm ET October 28, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Fortinet Inc. (FTNT) rallied 1.95% to $57.10 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.46% to 3,901.06 and the Dow Jones Industrial Average rising 2.59% to 32,861.80. This was the stock's second consecutive day of gains. Fortinet Inc. closed $17.25 short of its 52-week high ($74.35), which the company achieved on December 29th.

The stock underperformed when compared to some of its competitors Friday, as Cisco Systems Inc. (CSCO) rose 2.75% to $45.64 and HP Inc. (HPQ) rose 3.05% to $28.05. Trading volume (3.8 M) remained 1.4 million below its 50-day average volume of 5.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled October 28, 2022.

(END) Dow Jones Newswires

October 28, 2022 16:55 ET (20:55 GMT)