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FMR Corp. Cuts Stake in House of Fabrics

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FMR Corp., the Boston holding company for the Fidelity group of mutual funds, said it sold 78,700 shares of House of Fabrics stock, lowering its stake to 11.6%, according to a filing with the federal Securities and Exchange Commission.

FMR sold the shares from Jan. 2 to Jan. 16 at prices ranging from $28.05 to $30 a share, the filing stated. House of Fabrics, based in Sherman Oaks, operates the nation’s largest chain of fabric and sewing stores.

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