If you purchased Stitch Fix, Inc. (SFIX) and wish to serve as lead plaintiff in this securities class action, you must move the Court no later than December 10, 2018.
According to the complaint against the company's officers and directors for alleged violations of the Securities Exchange Act of 1934 between June 8, 2018 and October 1, 2018, Stitch Fix repeatedly emphasized that its active client base had experienced dramatic growth and that its strong financial results indicated continued positive momentum for the company. To the contrary, the company's active client count was virtually flat. On October 1, 2018, Stitch Fix announced that its fourth quarter 2018 financial results had fallen short of projected active client growth expectations and that its active client growth had plummeted by 70% quarter-over-quarter. On this news, Stitch Fix's stock fell more than 35% to close at $28.94 per share on October 2, 2018, and continues to fall.
Stitch Fix, Inc. (SFIX) Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can please send us a message via the Shareholder Information form below.v