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Farfetch (NYSE:FTCH) shares are trading higher on Friday after the company reported better-than-expected third-quarter EPS and sales results.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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Farfetch is an online platform connecting sellers and buyers of personal luxury goods. It was founded in 2008. The company partners with around 1,000 luxury goods sellers to offer their inventory on the platform. For making the retailers' stock available to almost a million active customers, the company charges a cut of over 30% (third-party take rate).
Farfetch shares traded up 8.23% at $46.80 on Friday during the time of publication. The stock has a 52-week high of $50.36 and a 52-week low of $5.99.