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Why Farfetch Stock Jumped 94% Last Month

TheMotleyFool

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Why Farfetch Stock Jumped 94% Last MonthPhoto, wide shot, wide-angle lens, Clothing manufacturer, neutral atmosphere, photo by Galina Stepanova: https://img.theapi.app/temp/4c710447-f68a-47bc-a682-c2d83e801596.png

Shares of Farfetch (NYSE: FTCH), the online luxury fashion platform, were soaring last month after the company signed a partnership with Alibaba (NYSE: BABA) and posted strong third-quarter results. According to data from S&P Global Market Intelligence, the stock finished November up 94%. As you can see from the chart below, the gains came on two separate waves following each of those news items.