FTCH - Why Shares of Farfetch Stock Were Climbing Higher This Week
2023-11-17 13:31:10 ET
Shares of Farfetch (NYSE: FTCH) were climbing higher this week, according to data from S&P Global Market Intelligence . The online luxury platform saw some good news from its partnership with luxury holding company Richemont as well as developments with the important Chinese market. Shares are up 13.3% this week as of 12:54 p.m. ET but are still off around 97% from all-time highs set during the pandemic.
While these news reports are helpful, only one thing will matter for investors in Farfetch over the long term: profits.
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Why Shares of Farfetch Stock Were Climbing Higher This Week