November 27, 2017 / 7:11 PM / a year ago

BUZZ-Stitch Fix: Patched up

** Stitch Fix surges ~15 pct on Mon and poised for its 4th straight day of gains since co’s underwhelming debut

** Online apparel retailer’s shares hit record high $21.43, 43 pct above their $15 IPO price

** Stitch Fix’s stock slipped in its Nov 17 debut, hitting a low of $14.48 in its second day of trading after co priced a downsized deal well below expectations

** Investors had expressed concerns about competition and SFIX’s long-term growth prospects, and have been pushing back on IPO valuations in general heading into year end

** SFIX’s upswing comes amid a strong start to holiday sales; retailers Gap Inc and L Brands Inc rise, while Amazon.com touches new all-time high

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