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Why Farfetch Is Plunging Hard Today

Rich Duprey, The Motley Fool
·1-min read
Why Farfetch Is Plunging Hard Today

Shares of Farfetch (NYSE: FTCH) were plunging 23.6% in afternoon trading on Thursday after the online luxury fashion marketplace filed a business update with the Securities & Exchange Commission. Farfetch said it will host a Capital Markets Day with financial analysts and institutional investors today that will discuss in greater depth the company's strategic growth plan. On the surface, the guidance Farfetch shared wouldn't seem to warrant the collapse in its share price.

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