- Stitch Fix Inc (NASDAQ:SFIX) said its Board of Directors had authorized a share repurchase program for up to $150 million of its Class A common stock.
- The company plans to fund the repurchases under this program with its existing cash and cash equivalents or future cash flow.
- Stitch Fix held $400.5 million in cash and equivalents as of October 30, 2021.
- The company had 83.19 million Class A common shares and 25.6 million Class B common shares outstanding as of October 30, 2021.
- Price Action: SFIX shares are trading higher by 12.5% at $19.83 on the last check Thursday.
Stitch Fix Stock Jumps On $150M Share Repurchase Program
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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