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Why Farfetch Stock Was on the Mend Today

TheMotleyFool

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Why Farfetch Stock Was on the Mend TodayPhoto, wide shot, wide-angle lens, Fashion store, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.theapi.app/temp/4103ce22-87d6-4bef-ba44-0baf5ab280bb.png

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%.

Source Fool.com