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Why Farfetch Stock Jumped 94% Last Month

TheMotleyFool

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Why Farfetch Stock Jumped 94% Last Month

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.