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Why Farfetch Gave Up 26% in September

TheMotleyFool

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Why Farfetch Gave Up 26% in September: https://g.foolcdn.com/editorial/images/704102/farfetch.jpg

Shares of Farfetch (NYSE: FTCH) were pulling back last month as concerns about rising interest rates and an increasing risk of a recession weighed on the e-commerce luxury fashion stock. Other than a negative analyst note, there was little company-specific news on Farfetch in the month. Though, the company is sensitive to the macro environment, so the sell-off wasn't surprising.

According to S&P Global Market Intelligence data, the stock finished the month down 26%. As you can see from the chart below, the stock actually gained early in September but then slid through the second half of the month as the macroeconomic picture worsened.