Why Farfetch Stock (FTCH) Is Volatile

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Farfetch Ltd.

FTCH

Farfetch Ltd (NASDAQ:FTCH) shares were trading higher by 13.2% to $1.10 Thursday afternoon, rebounding after falling sharply Wednesday, after the company this week said it will not announce third-quarter results.

The company Farfetch announced the postponement of its third-quarter 2023 financial results and canceled the accompanying conference call.

They are refraining from providing forecasts or guidance, cautioning against relying on previously given estimates.

Instead, Farfetch intends to provide a market update at a later time.

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According to data from Benzinga Pro, FTCH has a 52-week high of $8.90 and a 52-week low of $0.92.

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