Stitch Fix ( NASDAQ: SFIX ) jumped in after-hours trading after the retailer disclosed that William Gurley snapped up 1,000,000 shares at an average price of $5.43.
Gurley is a director at Benchmark Capital and a Stitch Fix ( SFIX ) board member.
Gurley now holds 2,149,726 shares directly and 1,069,371 shares indirectly. There are a total of 108.2M Stitch Fix ( SFIX ) shares outstanding, of which insiders hold close to 18%.
Shares of Stitch Fix ( SFIX ) shot up 7.39 % in after-hours trading to $5.52 vs. the 52-week trading range of $4.66 to $62.38.
The Seeking Alpha Quant Rating on SFIX is Strong Sell with low marks on growth, profitability and momentum holding back the score.
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Stitch Fix rallies after insider buying action