FTCH - Why Farfetch Stock Was on the Mend Today
2023-11-30 11:37:23 ET
Shares of Farfetch (NYSE: FTCH) have whipsawed this week, initially spiking on reports that the troubled luxury online fashion company could go private and then plummeting yesterday after that no longer seemed to be the case and the company delayed the release of its third-quarter earnings report.
Today, the stock recouped some of those losses as one analyst upgraded the stock, and some investors seemed to see the sell-off as a buying opportunity.
As of 10:44 a.m. ET, the stock was up 15.3%.
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Why Farfetch Stock Was on the Mend Today